Health Worksheet

 

  • Online data collection (can't say Medicare) Look what Oregon Insurance Company has on their website… Get a Quote Page

  • Disclaimer, this is for quoting purposes only, this is used to be the most efficient with the time.

  • How often do you go to the doctor?

  • What network is your doctor in?

  • Total annual healthcare costs

  • Current conditions

  • Current medical prescriptions

Who needs it?

If people are your business's greatest asset, you may need

Key Person Insurance. 

Who is a Key Person?

Someone who's contribution to your business is significant and who's death would place a financial burden on the business.

Executives

Top sales people

Highly visible employees

Financiers

Highly skilled or talented employees

What happens when a key person dies?

Your business may need to...

Hire and train a new employee

Rebuild company morale

Pay money to the deceased's family

Repair credit hurt by the loss

Replace lost earnings

How much is a key person worth?

Valuation Methods:

Multiple of salary

Contribution to earnings

Present value of projected loss in earnings

Replacement Cost

One year's profit

How does it work?

3 Easy Steps

  1. Determine value of employee

  2. Get employees consent and apply for insurance 

  3. Pay Premium- Business is payer, owner, and beneficiary

 

If key person dies, benefits are paid to the business income tax free

  1. Replacement Cost

  2. One year's profit

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TODD MANN FINANCIAL SERVICES INC. 
1840 5th St. Springfield, OR 97477  |  (O) 541-583-0093  |  Todd@ToddMannFinancialServices.com

Investment advice is offered through Belpointe Asset Management, LLC. Insurance and annuity products may be offered through D.H. Hill Securities, LLLP. Securities are offered through D.H. Hill Securities, LLLP, Member FINRA/SIPC. D.H. Hill Securities, LLLP, Todd Mann Financial Services Inc., and Belpointe Asset Management, LLC are not affiliated entities. Todd Mann Financial Services Inc. is currently insurance licensed in the states of Oregon, New Jersey, and Wisconsin.

Insurance and annuity products may be offered through D.H. Hill Securities, LLLP. 

 

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