How would your company afford to pay the salary of a business partner or key employee in the event of a long-term disability?
Setting up a salary-continuation agreement is a good way to prepare in advance for these types of situations. Most companies fund the financial obligations of a salary-continuation agreement with either group or individual disability insurance.
Below is a sample salary-continuation agreement (Click for PDF):
Note: Be sure to consult with legal counsel to nail down the details of any salary-continuation agreement you establish.
If you have questions about funding a salary-continuation agreement with disability insurance, feel free to call our agency at 513-891-9888, or email us at this link.
McCarthy Stevenot Agency, Inc. is an independent life and health insurance agency located in Blue Ash. We have been helping people in southwest Ohio with their insurance needs for over 20 years.