NBAA CEO Takes Leave for Cancer Treatment
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| NBAA CEO Takes Leave for Cancer Treatment |
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Ed Bolen, president and CEO of the Washington, D.C.- based National Business Aviation Association (NBAA), has taken a leave of absence to undergo cancer treatment. NBAA's board has appointed longtime communications executive Dan Hubbard to lead the association on an interim basis, including oversight of the organization's flagship NBAA-BACE convention this fall. The leadership transition comes as Bolen, who has led NBAA since 2004, focuses on his health while the association continues its advocacy and industry initiatives under Hubbard's direction. Read the full story here. How can you protect your clients? See below for the insurance solution. Insurance Solution
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A leadership absence caused by a serious illness can create challenges that extend well beyond succession planning. While NBAA has named an interim leader during Ed Bolen's cancer treatment, many organizations are not financially prepared for the temporary loss of a key executive whose relationships, strategic direction, and day-to-day leadership are difficult to replace. As Lloyd's of London Coverholders, Exceptional Risk Advisors designs high-limit Key Person Disability solutions that can provide benefits directly to a business or organization when a critical executive becomes disabled. Benefits can be structured as monthly payments of up to $500,000 or lump-sum amounts exceeding $100 million, helping offset financial disruption, support leadership transitions, recruit replacement talent, and maintain organizational stability. For advisors whose clients already carry key person life insurance, Key Person Disability coverage can help address what is often the more immediate risk during an executive's working years: a disabling illness or medical condition that sidelines a leader for months or even years. Events like this can serve as a valuable reminder to revisit whether a client's key person protection strategy is truly complete. Learn More About Key Person Disability Here Contact us to discuss how we can help protect your exceptional clientele. |
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