Are an important component in recruitment and retention of key employees. This allows you to continue to pay part of a key person's wage during disability for a specified period of time. However, you cannot deduct such wages as a tax-deductible business expense unless you establish a Qualified Sick Pay Plan (pursuant to Section 105 of the Internal Revenue Code) before the key person becomes disabled?

Income Protection Plans may be made available to all employees on a payroll deduction basis. This type of insurance policy helps an employee if unexpected illnesses or injuries lead to a long-term disability, preventing them from earning a paycheck.

Insurance products are not deposits, are not insured by the FDIC or any Federal government agency and are not obligations of or guaranteed by First Niagara Bank or any other member of the First Niagara Financial Group. The obtaining of insurance through any member of the First Niagara Financial Group will not have any bearing on any existing or future transaction or relationship with First Niagara Bank or any other member of the First Niagara Financial Group. Members of the First Niagara Financial Group do not offer tax advice. Please consult a tax advisor.