Music Director & Conductor Steps Back After Lymphoma Diagnosis

Posted Wed, Sep 18th, 2024

Exceptional Risk Advisors Lloyds of London Coverholder

Music Director & Conductor Steps Back After Lymphoma Diagnosis

High Limit Disability Insurance for Entertainers

Acclaimed music director and conductor, Michael Butterman, has announced a temporary hiatus from his role to focus on his health after being diagnosed with lymphoma. The 58-year-old director and conductor currently leads four American orchestras, including the Boulder Philharmonic, which gained national recognition under his direction, and the Shreveport Symphony, where he has overseen a historic period of artistic growth under his leadership. He also became Music Director of the Williamsburg and Lancaster symphonies in 2022.

Butterman plans to return when it is feasible, though his recovery may take time.

Top conductors in the industry reportedly earn between $1.6 million and $3.4 million annually.

Read the full story here.

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

Insurance Solution

High Limit Disability Income Protection

Entertainers

Michael Butterman’s recent announcement highlights the importance for advisors to protect the future income of all clients. Many may not realize that music directors and conductors fall under the entertainment class, requiring coverage through the excess lines marketplace, such as Lloyd’s of London.

Entertainers often face financial volatility and limited peak earning windows, making them a challenge for U.S. disability carriers. This is where Lloyd’s of London and the excess lines market become essential, providing Disability Income Protection for entertainers.

At Exceptional Risk Advisors, as proud Lloyd’s of London Coverholders, we specialize in designing High Limit Income Protection policies. We serve not only entertainers but also high-earning professionals across industries—including business owners, hedge fund managers, surgeons, and attorneys.

Learn More About High Limit Disability Here

Featured Case Study
Mandatory Guaranteed Standard Issue Plan
Asset Management Firm

Country Music Duo In this case, the advisor was working with an asset management firm in the Bay Area that faced a significant challenge: adequately protecting the highest earners in the firm. Despite having Group LTD and Supplemental IDI plans in place, their top earners were still underinsured, with less than a 40% income replacement ratio. By implementing a strategic solution, we were able to elevate their income replacement ratio to the targeted 60%.