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Have You Insured Your Company's Most Valuable Resource?
From:
Agency Sales
| Date:
January 1, 2005| Author:
Cashdollar, Steve
| Copyright Manufacturers' Agents National Association Jan 2005. Provided by ProQuest LLC.Copyright information
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If you're a business owner, you may have wondered whether your company needs to provide life insurance to cover the loss of a key person should they die unexpectedly. Consider the example of one 10-employee agency. Jack was responsible for 40% of new business each year. When he unexpectedly died, the company's revenues dropped by 25% the following year.
Jack was clearly a key person for the manufacturers' rep firm, one whose loss had a severe negative financial impact on the small comp...
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Have You Insured Your Company's Most Valuable Resource?
Agency Sales
; If you're a business owner, you may have wondered whether your company needs to provide life insurance ... each year. When he unexpectedly died, the company's revenues dropped by 25% the following ... him out at far lower value than he would have received at the time of Art's death, ...
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