Life & Disability Solutions
Built For Contractors
Midwest
Life & Disability Insurance
You've built your business and raised your family with care and integrity. We don't take our responsibility to protect them lightly. Life and Disability Insurance play a vital role in making sure your family, your employees, and your business can depend on you, when life throws you a curveball. Whether you're looking for business owned key-man insurance policies or individually owned life and disability for family protection, our team of experts will customize a solution to fit your needs and priorities.
States Covered
Proudly serving contractors across the Midwestern United States
KS
MO
CO
NE
Reasons to Consider
Life & Disability
Family Protection
How would your family care for themselves financially in your absence?
Life insurance ensures that your loved ones are supported with the financial resources they need to maintain their lifestyle, pay for daily expenses, and cover long-term costs such as education or retirement savings. It provides peace of mind knowing they will have a financial cushion during difficult times.
Income Protection
If you were unable to work due to illness or injury, how would you replace your lost income without siphoning resources from your business?
Disability insurance acts as a safety net, providing a portion of your salary if you are temporarily or permanently unable to work due to a covered condition. This helps you maintain financial stability and continue meeting your obligations without leveraging scarce business resources.
Debt Protection
How would your outstanding debts be managed if something were to happen to you?
Life and disability insurance can help cover the costs of business loans, personal loans, mortgages, or other debts if you're no longer able to make payments due to a sudden illness, injury, or death. This prevents your family or business from being burdened by your financial obligations.
Bonding Collateral
Would your business default on its bonding obligations if something were to happen to you?
Life insurance can be used as collateral to secure bonding for your business, helping you obtain contracts that require surety bonds. In the event of your passing, the insurance can cover any outstanding obligations, ensuring your business and personal assets aren't utilized as collateral for surety bond claims.
Key-Man Insurance
What would happen to your business if a key member of your team were suddenly unable to work?
Key-man life and disability insurance helps protect your business from the financial fallout caused by the loss of a crucial employee or business partner. It provides the funds needed to recruit and train a replacement, ensuring your operations continue without disruption.
Executive Compensation
How are you attracting and retaining top talent in a competitive labor market?
Life insurance can be used as part of an executive bonus or deferred compensation plan to reward key employees with meaningful, tax-advantaged benefits. These policies can build cash value over time, offering long-term incentives that align with your company’s goals. This makes it a powerful tool for business owners who want to retain their best people while investing in the long-term stability of their business.
Buy-Sell Agreements
How would your business handle a partner's departure or death?
Life and disability insurance can fund a buy-sell agreement, ensuring that in the event of a partner's death or disability, the remaining partners have the financial means to buy out their share. This helps prevent the business from facing disruptions or ownership conflicts during critical times.
Estate Considerations
How will your estate handle taxes and the fair distribution of assets?
Life insurance is often used to cover estate taxes, allowing your heirs to inherit your estate without having to sell assets to pay tax obligations. It also helps ensure equalization of inheritances among beneficiaries, providing an equitable solution for family members with differing financial needs.
Liberty, MO
Our clients say it best.
★★★★★
"Apex stepped in and helped SCA obtain GL & Professional Liability in record speed for our owner’s representation firm for construction advisory. They have been a tremendous resource of knowledge and are prompt to respond to any questions our firm has had going through the process. We appreciate and will continue to support the Apex team as our business continues to grow."
Jeremy N.
Switchgrass Construction Advisors
★★★★★
"I would recommend Apex and their team to anyone looking for insurance for their small business. Apex stepped in our lives and saved us thousands of dollars. We planned to renew with our previous provider thinking it was the right move, but we quickly realized what a great benefit we would see by switching. Not only is saving money a great benefit, but their small business mentality aligned perfectly with ours. Denzel and the team are very easy to work with and their customer service is amazing! They are quick to respond to questions or concerns, and explain everything in a way that actually makes sense!"
Jamie N.
DreamMaker Bath & Kitchen
★★★★★
"I had the opportunity to work alongside the team at Apex, and I was thoroughly impressed. Their professionalism, responsiveness, and clear communication stood out from the start. It’s easy to see why so many businesses trust them for their insurance needs. I’d confidently recommend Apex to anyone looking for knowledgeable and reliable service. Great people doing great work."
Brad S.
AutomationLinks
★★★★★
"Apex and its employees provide exceptional knowledge of the insurance products that are tailored to your business needs. Apex has excellent response time and attentiveness when you have a concern or any business circumstances that arise."
Cindy H.
Urban Electric & Lighting
Life & Disability
Built for Contractors
Term Life Insurance
Term Life Insurance provides coverage for a specific period, such as 10, 20, or 30 years.
It offers an affordable way to protect your family and your business during critical years, like while you're bootstrapping, paying off debt, or raising children. This makes it a popular choice for business owners who need affordable coverage during the most financially critical years.
Whole Life Insurance
Whole Life Insurance provides lifelong coverage and includes a cash value component that grows over time.
Premiums are generally higher than term policies, but the cash value can be borrowed against or withdrawn if needed. This feature can serve as a financial resource in emergencies, providing policyholders with both protection and financial flexibility as their needs evolve.
Universal Life Insurance
Universal Life Insurance combines lifetime coverage, premium and death benefit flexibility, and a cash value component that grows over time.
This policy allows you to modify your premiums and death benefit as your needs change, while also building cash value that can be borrowed against or used to pay premiums. This flexibility makes it a great fit for business owners looking for coverage that adapts as their business grows and their personal financial needs evolve.
Disability Insurance
Disability Insurance replaces a portion of your income if you become temporarily or permanently disabled and cannot work.
It helps cover your living expenses and maintain your standard of living, providing financial stability during challenging times. For business owners, this ensures that if you're unable to run your business, your personal income will still be protected, allowing you to replace yourself within the business and focus on recovery without worrying about your finances.
Frequently asked
questions
How do I know which product is best for me?
The right product depends on your goals. If you’re looking for affordable protection over a set period (like the life of a loan or while raising a family), term life may be best. If you want lifetime coverage with cash value that can support business succession or estate planning, permanent life (whole or universal) may be more suitable. We’ll walk you through the options based on your specific needs.
How much life insurance do I need?
The right amount of coverage depends on your personal and business responsibilities. We’ll look at things like family income needs, outstanding debts, business loans, ownership interests, and future plans like succession or estate transfers. A quick planning conversation can help pinpoint the right number.
Do I have to take a medical exam to get approved?
Not always. Many policies offer no-exam or simplified underwriting for healthy applicants or lower coverage amounts. For larger policies or more complex planning needs, a brief medical exam may be required—but we’ll help you find the right path based on your health, age, and goals.
Can my business pay for my life insurance policy?
Yes—especially if the policy serves a business purpose, such as key-person coverage, buy-sell funding, or executive compensation. In those cases, premiums may be paid by the business, but it’s important to structure it properly for tax and ownership purposes. We’ll work with your accountant to make sure it’s done right.
Should I use term or permanent life insurance for business planning?
Term life is great for temporary needs—like covering a business loan or a short-term buy-sell agreement. Permanent life is better suited for long-term strategies, such as funding ownership transitions, estate planning, or building cash value that can support retirement or business liquidity. We’ll help match the product to your plan.
Can I use the same policy to protect my family and my business at the same time?
Absolutely. With the right structure, a single policy can support both personal and business goals. For example, a policy can fund a buy-sell agreement while also providing financial security to your family. It just takes proper planning to ensure your policy aligns with both priorities.
