Protect your best assets-your people.
Employee benefits are a critical recruitment and retention tool for your organization. HMS Insurance Associates has over 700 corporate and individual clients in the Mid-Atlantic region as well as nationally. Some of our clients have only a handful of employees and others have thousands. Regardless of their size, these companies depend on HMS to provide them with current, quality information along with a variety of services to help them better manage the complex challenges of today.
Life Insurance for Individuals
Individual Life Insurance – coverage to protect families and loved ones.
Key Person Life Insurance – coverage to protect a business if a key person were to unexpectedly die. Policy is owned by company and company is beneficiary.
Buy/Sell Funding – if a company has multiple business owners, this type of policy will ensure that if one dies while still active in the business that the surviving owner(s) will have the funds readily available to buy out the deceased’s heirs to provide a smooth transfer of ownership.
Estate Planning – coverage which pays for any estate tax liability.
Disability & Long-Term Care for Individuals
Individual Disability – coverage to protect one’s income so that if he/she were to become disabled they would receive cash to pay expenses.
Key Person Disability – coverage to protect a business if a key person were to become injured or ill and was not able to perform the duties of his/her occupation.
Disability Buy Out – if a company has multiple business owners, this type of policy will ensure that if one becomes disabled while still active in the business that the other owner(s) will have the funds readily available to buy out the disabled’s heirs to provide a smooth transfer of ownership.
Disability Overhead – coverage that pays for a business’ day to day expenses (rent/utilities/salaries of con-owners, etc.) if the owner was to become disabled.
Individual Long-Term Care – coverage which provides the funds to pay for the costs of receiving care at home, in an assisted living facility, or a nursing home.
- Critical Care Coverage
- Accident Coverage
- Travel Coverage
- Business Accident Coverage
- Individual Medical Coverage
- Compliance Packages (5500, ERISA, COBRA, Medicare D, etc.)