Advantages to the Church
Did you know that, on average, tithing goes down 20% when a pastor leaves for any reason? When a pastor dies, the church and its members must deal with the financial and emotional loss.
Many church leaders are not aware of Key Person insurance and its benefits, especially if they are not familiar with the constant changes in the insurance industry.
Financial Stability
With the church as beneficiary, a Key Person insurance plan will offset any decline in giving.
Leadership Continuity
The funds from the insurance policy will allow time to conduct an adequate search for a successor
Debt and Financial Obiligations
Demonstrates financial strength to lenders, and the cash value of a permanent policy is an asset on the church's balance sheet.
How do we set it up?
About Petra
Here at Petra, our mission is to champion for pastors and church members as we provide products and services to meet their insurance and financial needs. Petra has been protecting pastors for 35 years. We understand the trials and tribulations that a church may go through.