Sentences with phrase «key person insurance does»

Key person insurance does not have a legal definition and does not refer to a type of insurance but rather to the use and application of life insurance or long - term disability insurance, as it applies to the loss of a key business person.

Key person insurance does not replace a personal life insurance policy, as none of the money from key person insurance would go towards family members.

Key person insurance does not have a legal definition and does not refer to a type of insurance but rather to the use and application of life insurance or long - term disability insurance, as it applies to the loss of a key business person.

Not exact matches

A reality check is particularly important since the vast majority of property insurance policies don't bank on people handing over the keys to their homes to complete strangers, Steve Kee of the Insurance Bureau of Canada said in a telephone iinsurance policies don't bank on people handing over the keys to their homes to complete strangers, Steve Kee of the Insurance Bureau of Canada said in a telephone iInsurance Bureau of Canada said in a telephone interview.

Mind that the policy term does not extend beyond the period during which the key person remains valuable and useful for the business, usually they are 10 - or 20 - year term insurance policies.

But does your company need this kind of key person life insurance policy?

We can provide you with all of the key details that you require for making a well - informed life insurance purchase decision — and we can do so for you very quickly, easily, and conveniently — all from your computer, and without you having to meet in person with a life insurance agent.

How Does Key Person Life Insurance Coverage Work?