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Sunshine Financial Solutions | Insurance, Retirement, College Funding and Business Solutions
  • Home
  • About Us
    • About Us
    • Meet Our Team
    • Mission Statement
    • Our Promise
    • Our Partners
    • Join Our Team
    • Brokerage Services
  • Our Services
    • Individuals and Families
    • Business Owners
    • Retirees/Medicare Eligible
  • Planning
    • Life Insurance
    • College Planning
    • Retirement Planning
    • Build Wealth
    • Disability Insurance
    • Mortgage Protection
    • Business Valuation
    • Long Term Care
    • Final Expense
    • Home + Auto
  • Business
    • Group Plans
    • Business
    • Key Employees
    • Employee Benefits
    • Executive Carve Out
    • Financial Management
    • Protect Your Business
    • Retirement Planning
    • Succession Planning
  • Resources
    • Careers >
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Key Employees

BUSINESS

Group Plans
Business
​Key Employees
Employee Benefits
Executive Carve Out
Financial Management
Protect Your Business
​​Retirement Planning
​Succession Planning

If a key person in your company died today, would it adversely affect your business profits?

Successful businesses are built on a variety of assets: equipment, inventory, real estate, accounts receivable, cash, goodwill, and not least of all, key people. The death of a key person could have a devastating effect on the future of your business.  Just as your building, inventory and equipment are insured against loss, so should your key employees.

Key person insurance indemnifies your business for the death of a key person and the loss of that individual's skill and expertise. The life insurance proceeds cover many business expenses that arise upon the death of a key person.

Who is a Key Employee?

Without question, you and your fellow business owners are the most valuable key assets of your business. Your involvement and guidance are crucial to its success. Additionally, key people are others (non-owners) involved in your business who contribute significantly to its success and whose death would result in a tangible loss. 
A key person generally has the following characteristics:
  • high salary level
  • decision-making power
  • vision to plan the direction of the business
  • ability to implement plans
  • financial leverage representing a source of business capital
  • special or unique talents

How it works
  1. The business sets a value and then purchases an insurance policy on the key person's life.
  2. The business pays the premiums and is both owner and beneficiary of the policy.
  3. When the key person dies, life insurance proceeds are paid to the business.
  4. The business uses the proceeds to help offset losses in sales, productivity, credit, morale, and/or replacement cost.

Whatever your financial needs or goals, our partners have the products and financial strength that can protect you and your business.
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Talk to a representative to see how our products can help you.

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Location

1401 N University Dr. Ste 300
​Coral Springs, FL 33071

Phone: 561-609-2251
info@sfsfinancial.org
© 2022 Sunshine Financial Solutions of South Florida, Inc.
Securities offered through OneAmerica Securities, Inc., a Registered Investment Advisor, member FINRA SIPC. Sunshine Financial Solutions of South Florida, Inc. is not an affiliate of OneAmerica Securities or the companies of OneAmerica and is not a broker dealer or Registered Investment Advisor. Provided content is for overview and informational purposes only and is not intended and should not be relied upon as individual tax, legal, fiduciary, or investment advice. Neither OneAmerica Securities, the companies of OneAmerica, or Sunshine Financial Solutions of South Florida, Inc. provide tax or legal advice. For answers to specific questions and before making any decisions, please consult a qualified attorney or tax advisor. Guarantees are subject to the claims paying ability of the issuing insurance company.
  • Home
  • About Us
    • About Us
    • Meet Our Team
    • Mission Statement
    • Our Promise
    • Our Partners
    • Join Our Team
    • Brokerage Services
  • Our Services
    • Individuals and Families
    • Business Owners
    • Retirees/Medicare Eligible
  • Planning
    • Life Insurance
    • College Planning
    • Retirement Planning
    • Build Wealth
    • Disability Insurance
    • Mortgage Protection
    • Business Valuation
    • Long Term Care
    • Final Expense
    • Home + Auto
  • Business
    • Group Plans
    • Business
    • Key Employees
    • Employee Benefits
    • Executive Carve Out
    • Financial Management
    • Protect Your Business
    • Retirement Planning
    • Succession Planning
  • Resources
    • Careers >
      • Careers
      • Careers Sampling
      • Career Training
      • Internships
      • Producers
      • Join Our Team
    • Articles
    • Market Watch
    • Newsletter
    • FAQs
    • Member Access
  • Contact Us
    • Contact Us
    • Request A Quote
    • Schedule An Appointment