The Provided Housing Risk

Provided housing, the risk that if overlooked, can leave a church with a possible financial risk that could cause it a hardship; it could also place their minister's spouse and family--or another employee's spouse and family--who lived in the provided home in a hard position with no place to live.  Far too often, when provided housing is offered as part of the compensation package, nothing is done to plan for the resulting risk should the minister or other employed party pass away.  Provided housing can save the church funds they would otherwise have to pay the minister or other employed person. The church is then put in the position of either asking the family and spouse to leave with nothing to replace their home, or of doing their best to provide another home for the new minister or other employed person's family if an untimely death should occur during the employment period.

The solution we provide for this possible risk

 Our provided housing benefit plan will provide funds to relocate the current family, or funds for a new home for the new minister's spouse and family or other employee's spouse and family. Our plans offer you the choice of  a 15 year plan, 20 year plan, 30 year plan, or longer.  Each plan is purchased by the church, owned by it, and it is the beneficiary, which puts them in the position to offer choices to meet the above mentioned financial risk should that be necessary. 

Contact us today for a review of your risk and a quote to care for this unique risk.  The following are necessary for a quote: birthdate of the minister or other employed person, their gender, the desired time period of protection, and the desired amount of protection. We look forward to assisting you with this important need for those who are so very important to your organization. It will give them peace of mind as well as assurance for your church that you are offering your employed person your best.

E-mail dphelps@phelpsfinancial.com

Fax (614) 899-6022

Phone (614) 899-6000 or toll free 1-877-471-7997 for OH, MI, WI, IN, & KY

06/03/2005