Background
One of our clients—a growing software development firm with 3 employees—relied heavily on its co-founder and lead developer. Her specialized knowledge and client relationships were critical to the company’s revenue stream.
The Problem
Earlier this year, the co-founder was involved in an accident that left her unable to work for several months. With a monthly overhead of $40,000—including rent, utilities, and salaries—the firm faced serious financial pressure without its key revenue driver.
The Solution
Fortunately, a few months prior, the firm had secured disability overhead expense insurance through WiseInvest™ (often referred to as key employee insurance or key person disability insurance). Here’s how it helped:
- Comprehensive Assessment
We evaluated the client’s cash flow, identified core expenses, and gauged the impact of losing a key contributor. - Tailored Coverage
Based on our analysis, we recommended a policy that covered critical overhead costs of $40,000 per month if a key person became disabled. - Ongoing Support
Throughout the co-founder’s recovery, we coordinated with the insurer to ensure timely benefit payouts and advised the firm on financial adjustments to sustain operations.
The Results
Thanks to the coverage, the software firm maintained its existing team, kept crucial projects on track, and avoided accumulating massive debt. When their key developer recovered and returned, the company was able to jump back into full productivity without having lost clients or momentum. This experience reinforced the importance of protecting not just the business, but the people who make it successful.
*Note: For privacy reasons, the names and nature of our clients’ businesses have been changed.
Our Process
UNDERSTANDING YOUR NEEDS
Discovery Phase
We start by listening, getting to know your goals, challenges, and opportunities. This is where we lay the foundation for a strategy that truly fits you.
1
DESIGNING A TAOLORED PLAN
Planning Phase
With a clear picture of your needs, we craft a customized plan designed to grow, protect, and transfer your wealth efficiently.
2
BRINGING THE PLAN TO LIFE
Implementation Phase
We put the strategy into action, ensuring everything is executed smoothly and effectively. We're with you every step of the way.
3
STAYING ON TRACK
Review Phase
Life changes, and so should your plan. We conduct regular reviews to adjust and refine your strategy, keeping you on course toward your financial goals.