Did you know? According to the National Association of Corporate Directors, fewer than 25% of private companies have a formal succession plan in place. Yet, 75% of business owners admit they are unsure if their business would continue successfully without them.

At The Bloch Agency, we understand the hard work and sacrifice it takes to build a business. That’s why we stress the importance of a solid succession plan. Don’t leave your life’s work to chance. Let us help you ensure that your business endures, even when you’re ready to step back.

🚑 Attention Residents: Why Start Disability Insurance Early? Starting your disability insurance early is not just a precaution – it’s a smart financial strategy. As medical professionals, safeguarding your ability to earn should be a priority. Trust The Plus Group to guide you through choosing the right coverage that grows with your career.

Physicians, consider this: what would happen to your life and career if a disability suddenly prevented you from practicing medicine? Secure your future with disability insurance and ensure peace of mind for whatever may come. Let’s discuss how we can protect your most valuable asset—your ability to work.

Doctors and residents, you dedicate your lives to caring for others. Who’s taking care of your financial health? At The Bloch Agency, we understand the unique risks you face and offer tailored disability insurance solutions. Let us help protect your future.

Tomorrow, the NFL season kicks off. One of the most powerful women in sports will be missing from the ownership room again this year. Kim Pegula, age 55, suffered a cardiac event in June of 2022. Since June of 2022, Jessica (her daughter) explained, “She is dealing with significant expressive aphasia and significant memory issues.”

Just a few months ago, Terry Pegula made the difficult decision to remove Kim as co-owner of all of the Pegula properties including the Buffalo Sabres because she remains incapacitated and there is little hope that she will return to be the vibrant leader she was before the medical incident.

The Athletic reported a few months ago that a judge has named Terry Pegula the “plenary guardian” of Kim and the bulk of her assets have placed in a trust with Terry as one of the co-trustees.

She has visited the team’s practice a few times, but sat in the car each time. This year, she visited the practice and this time she exited the vehicle and was able to join the team in their post-practice breakdown.

Disabilty does not discriminate against the poor or wealthy. It does not matter your bank account balance, disability can happen to anyone and at any time. Kim was 53 when she suffered her cardiac event. She was the president of Pegula Sports and Entertainment, the holding company that managed the Buffalo Bills of the NFL and the Buffalo Sabres of the NHL, in addition to several other minor league sports teams and entertainment assets.

How can you protect yourself?

Income Protection insurance is the simple answer and it has never been easier to protect your income. For business owners, this is a good time to think about Business Overhead Expense insurance. If you were not able to run your business for a while, what would happen to the business and employees? Business Overhead will cover the bills while you recover or give you time to find a buyer for your business.

Disability Featured Fact of the Month ✨ Approximately 70% of working Americans would find it difficult to meet their financial obligations if their paycheck were delayed for a month. Disability insurance acts as a financial safety net. Don’t let life’s uncertainties derail your income. Explore disability insurance today and stay protected.

How will bills get paid or dreams be achieved if work isn’t an option? Don’t let your clients’ futures hang in the balance. The Plus Group is here to ensure security and peace of mind. Let’s protect their tomorrow, today.

A quick spotlight about our agency. Located in Charlotte, North Carolina, and serving both NC and SC, The Bloch Agency has been in business for 28 years. They specialize in all facets of income protection, including Individual, Group, and proprietary products. As a founding member of The Plus Group, they have a legacy of excellence. A fun fact about The Bloch Agency: three generations of the Bloch family enjoy playing golf together each weekend.

I’d like to share a story that underscores the importance of Disability Insurance and Key Man Insurance, both for individuals and businesses.

Ben Baldanza, former Spirit Airlines CEO, has battled ALS for years. Despite his tenacity and fighting spirit, the progression of the disease has made it impossible for him to continue his professional duties, leading to his retirement. This transition wasn’t just a personal challenge but a significant event for all who relied on his leadership and vision.

The financial strain of such unforeseen life changes could be devastating if not adequately prepared for. This is where disability insurance plays a crucial role. It ensures a steady income stream when an illness or injury prevents someone from working, offering a safety net that can alleviate financial stress during challenging times.

Moreover, Key Man Insurance is equally vital for businesses. Losing a key individual like Ben can seriously disrupt operations and threaten the company’s financial stability. Key Man Insurance helps businesses navigate through the tumultuous period following the loss by covering the costs related to finding a replacement and mitigating potential revenue losses.

Understanding and implementing these insurance policies can make a significant difference in safeguarding both personal and professional futures against the unpredictable tides of life. If you have any questions about how these policies can benefit you or your business, please do not hesitate to reach out.

Short-Term Disability Insurance typically covers you for a few months, providing crucial support during temporary setbacks. Long-Term Disability Insurance can cover you for several years or even until retirement age, offering peace of mind for more prolonged challenges. Knowing the difference can help you choose the right protection for your needs.