MKA Executive Planners Blog

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