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The Key To Protecting A Business From Risk Of An Employee's Death
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Key person insurance is not an employee benefit - it's an employer benefit. Most businesses rely heavily on a few key people. If a key person leaves the company, dies or becomes disabled, the company may suffer. Key person insurance protects the business from the risk of a key person's death.
Key person insurance is life insurance purchased by the employer. The key employee it is purchased to cover can be anyone in the business whose loss would be significant to the company or anyone w...
Related newspaper, magazine, and journal articles from HighBeam Research
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Protecting key employees with life insurance
The Arab American News
; Most people can appreciate why an individual should purchase life insurance: to help provide important financial protection for loved ones. What many people don't realize is that life insurance also can play an important role in a business, particularly with regard to key employees. Key employees
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COMPANY-OWNED LIFE INSURANCE:ANDREW D. PIKE
Congressional Testimony
; Congressional Testimony 10-23-2003 Statement of Andrew D. Pike Professor of Law and Academic Dean American University, Washington College of Law Committee on House Financial Services October 23, 2003 Mr. Chairman and Members of the Committee: I appreciate the opportunity to appear before you to
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Steps to getting key person claims paid.(life insurance)
Risk Management
; Key person coverage is a kind of life insurance on critical employees where the proceeds are paid to the corporation. Its purpose is to indemnify the employer against a potential loss of income that, may result from the untimely death of a key employee. The tax-free proceeds from this type of
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Agents missing door opener in key person DI. (disability insurance)
National Underwriter Life & Health-Financial Services Edition
; Key person disability cover is a valuable and potentially lucrative product which many disability producers overlook or mistakenly dismiss as a hard sell, some observers say. Disability insurance is the least penetrated product in the marketplace because agents don't know a lot about it and think
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Stand-Ins For Key Person life.
National Underwriter Life & Health-Financial Services Edition
; ALAN FRY ES AN ADVANCED PLANNING CONSULTANT WITH AMERICAN LEGACY LIFE, FORT WAYNE, IND., A PART OF LINCOLN LIFE. When a business owner applies for a loan from a lending institution, two requirements are usually imposed. First, the lending institution wants a personal guarantee of the loan, even
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