Seattle Bank CEO Survives Fatal Plane Crash

Posted Wed, Feb 15th, 2023

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Seattle Bank CEO Survives Fatal Plane Crash

High Limit Disability Insurance

The president and CEO of Seattle-based WaFd Bank, Brent Beardall, was hospitalized after the private plane he was in crashed seconds after takeoff. The 51-year-old executive was on board the plane with another WaFd executive who suffered minor injuries. The pilot, Nathan Ricks, a well-known Utah businessman and WaFd client, died in the crash. Mr. Beardall, after several surgeries, is expected to make a full recover. Beardall became CEO of WaFd in 2017 and his total annual compensation is reportedly over $3.6 million. WaFd, one of the largest banking institutions in the U.S., employees over 1,800 individuals and has a reported revenue of over $620 million.

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Executives & Entrepreneurs

Brent Beardall's story is a good reminder to advisors that their client's ability to earn a sizeable income is their biggest asset, yet it is often taken for granted. Disability insurance preserves what executives and entrepreneurs value the most and why they're in business: control. They are in control of their destiny, their business, and their future. Sophisticated advisors couple an executive's loss of control and future income projection as tools to communicate and educate their clients on the importance of disability insurance.

As Lloyd's of London Coverholders, Exceptional Risk Advisors designs and underwrites High Limit Income Protection for executives, entrepreneurs, financial professionals, attorneys, and other highly compensated individuals. With the ability to deliver disability benefits of $500,000 per month (and safeguard up to $10 million of annual income), advisors have the resources required to protect their exceptional clients.

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