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Find out how key person insurance can protect your business from the sudden loss of crucial employees.

SunTrust Investment Services, Inc., offers a wide range of key person policies, including life and disability coverage and business overhead insurance, which provide businesses with the funds they would need to continue operating should a key person become disabled. Such coverage is especially important now that venture capital firms, banks and other lenders have begun to require key person insurance as a condition for financing.

Key person insurance can protect your business from the loss of crucial employees in a number of ways:

  • Provides funding to find, recruit and train replacements
  • Helps replace profits that were lost as a result of a key employee's disability or death
  • Bolster's balance sheets to help reassure creditors about the continued viability of the business
  • Enables businesses to buy back stock from the estate of a majority owner

Protect your business with overhead insurance

Business overhead policies available through SunTrust Investment Services, Inc., ensure that your business would have the funds necessary to continue operating until you or other key executives are back on the job.

Protect your family with executive insurance

SunTrust Investment Services, Inc., offers a range of personal insurance policies for you and your key executives, including life and disability coverage. These policies provide family members with replacement of lost income and can cover the costs of an extended stay in a nursing home or rehabilitation facility.

DISCLAIMERS

Insurance products and services are not insured by the FDIC or any other government agency, are not a deposit of the bank or guaranteed by the bank, and are not a condition to any banking service or activity.

Insurance products and services are offered through SunTrust Investment Services, Inc., a licensed insurance agency.

Resource Center

  • Managing Collections

    Learn strategies to electronify customer payments to move funds into working capital quickly, increase collections efficiency, support fraud prevention, and meet customer preference for easy payment.

  • Protecting from Fraud

    Electronification of payments offers added security and preventative measures that address many risks involved with ever-increasing fraud incidents in paper payments.

  • Reporting and Controlling Cash

    Electronifying payments creates an information trail that identifies forecasting trends, integrates operational and financial data, and improves cash control with a consolidated cash position view.

  • Developing Strategies for the Electronification of Payments

    Learn how to develop strategies to electronify payments and take advantage of processing efficiency, faster movement through the cash cycle and better control of your business’s capital

  • Directing Payments

    Unlock efficiencies in vendor and partner payment while upgrading working capital management and improving capital efficiency by using electronic payments.

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  • For details about Wire Transfers with SunTrust, call 1.800.947.3786 – options 1 & 4

    SunTrust Incoming wire instructions:

    • For Domestic incoming wire use Routing ABA: 061000104
    • For International incoming wire use SWIFT/BIC: SNTRUS3A
    • Beneficiary account number: SunTrust full account number
    • Beneficiary name: The name as it appears on the SunTrust account


    SunTrust Incoming wire instructions are also available by calling: 1.800.947.3786 – options 1 & 1