| FAQs |
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What
is it?
|
An alternative
way to fund the costs associated with severance |
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Who
buys it?
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Corporations
in search of significant new cost efficiencies |
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What
is the incentive to buy it? |
It can
generate pretax savings in the 25 to 40% range |
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What
can it save? |
Recent
underwriting generated $100 million savings (over 5 yrs) |
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Who
sells it? |
Surplus
lines insurance brokers from national brokerage firms |
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Why
#1? |
To improve
returns on capital and equity |
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Why
#2? |
To smooth
potential bumps in earnings |
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Who
writes it? |
A++ Superior
carriers or captives |
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Who
is the beneficiary? |
The displaced
worker |
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What
is the benefit? |
The equivalent
of pre-displacement gross salary |
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How
long does it last? |
Until the
benefit duration expires or the worker finds a new job |
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Who
services the claims? |
Stamford,
Ct. based Transition Services, Inc |
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Existing
major account? |
Yes, a
national “brand name” company |
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In
the M&A environment what would be the advantage to an acquiring
company? |
The ability
to negotiate purchase price knowing the cost of reorganization to
be lower than expected |
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What is your policy on confidentiality?
|
Strict.
We enter into strict NDA’s with all our clients. Our signature
is our word. |
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