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Bank Required Disability Insurance
Bank Required Disability Insurance is a form of insurance used by businesses to provide viable disability coverage for their employees. Rather than secure coverage through an insurance company, the business allows a bank to create a fund wherein premiums and all accrued interest are secured.
The fund then act as a tax incentive or the bank, while the business and its employees can draw on the fund to cover disability payments and coverages.
At Mitchell & Mitchell Insurance, we’ve been helping business owners find new solutions for doing business for more than 50 years. Our mission is to encourage you to strive for your maximum potential and optimal savings.
Contact us at your earliest convenience to learn more about Bank Required Disability Insurance.