Case Study Details

CHALLENGE:

The board of a successful mid-size retail clothing chain was looking to put a $6M Key-Man policy in place for its 52-year-old CFO. The board was concerned that the required annual premiums would negatively impact future growth plans for the company.

SOLUTION:

The solution was to proceed with the Key-Man policy funded via a unique premium financing strategy. The strategy allowed the company to leverage its gross revenue to secure funding for the Key-Man policy.

RESULT:

The plan was implemented without interruption to the business cash flow or future expansion plans that were currently in place. Upon completion of the Key-Man policy for the CFO, the board elected to implement a second $9M Key-Man policy on the CEO utilizing the same strategy.

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