MKA Executive Planners Blog

Person Down & Out – What’s Next??? Rescued by Thinking Ahead

Posted by Barry Koslow on Tue, Oct, 30, 2018

You run a business or a professional practice. It is successful. You have a group of employees, along with yourself, who are key to business success. It is a great team. Margins are okay, but not great, and you or one of your key people becomes disabled and won’t return to work for a significant period of time – or ever.

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Tags: Key Person Insurance, Disability Income Protection, Out of Work

Not-For-Profit Key People – The Unmeasured and Unprotected Risk

Posted by Barry Koslow on Mon, Oct, 22, 2018

When Richard E. Wiley passed away recently, he left a huge legacy at Endicott College. As its long time President, he grew the school from what was once a small regional two-year associates degree player to a nationally known multifaceted institution offering bachelors, masters and doctoral degrees. There are three campuses and a large range of options for study. It has an endowment in excess of $60 million, a 50% increase within the last five years.

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Tags: Key Person Insurance, Board Responsibility, Not For Profit, Compensation, Disability Income Protection, Loss of Income, Out of Work

In Business, Everyone Is NOT Replaceable… at least not right away

Posted by Ed Perry on Thu, Jul, 13, 2017

We have all heard the saying that in business, everyone can be replaced. This simply isn’t true. As a business owner, think for a second about what would happen to your business if you died, or became unable to work due to illness or accident? What if it was your star performer? Or a member of your leadership team? Think about that void. Think about all the impacts to your business that you may not have considered before.
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Tags: Disability Insurance, Executive Disability, Life Insurance, Long Term Disability, Key Person Insurance