Founder of $4.4 Billion Unicorn Suffers Massive Stroke at Age 34

Posted Wed, May 15th, 2024

Exceptional Risk Advisors Lloyds of London Coverholder

Founder of $4.4 Billion Unicorn Suffers Massive Stroke at Age 34

Key Person Disability Insurance

Rachel Romer, co-founder and CEO of Guild, has made the decision to step back from her role as CEO to focus on her recovery after experiencing a major stroke last summer. Guild, headquartered in Denver, Colorado, specializes in managing education assistance benefits for Fortune 1000 companies. At just 34-years-old, Romer built and lead Guild to achieve a valuation of $4.4 billion. Forbes estimated Romer's net worth at $320 million. In light of Romer's transition, the Board of Directors has appointed Bijal Shah as her successor.

Read the full story here.

How can you protect your clients? Discover the insurance solution below.

Insurance Solution

Key Person Disability Insurance

The success of startup companies, whether in human resources management or technology, hinges on key personnel. These individuals not only secure funding but also drive organizational growth. But what happens when a key person faces a serious illness or disability that impacts their ability to lead and continue in their role? The consequences can be significant.

In such unfortunate circumstances, it is essential to have the necessary resources to retain these key staff members, secure funding for a replacement, and manage the repercussions of the situation. No one thinks a 34-year-old CEO is going to have a stroke, but as we see in the story of Rachel Romer, it happens. It's a stark reminder that life's uncertainties can affect anyone.

For such challenges, having the right resources is essential. As a Lloyd's of London Coverholder, Exceptional Risk Advisors specializes in providing High Limit Key Person Disability coverage for both private and public organizations - including start ups. This coverage offers benefit limits exceeding $100 million per person and is often acquired in conjunction with substantial life insurance transactions. These measures can provide financial protection and peace of mind during difficult times.

Learn More About High Limit Key Person Disability Here

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