At a minimum, the small business owner will need to have a
life insurance policy on the
key man in an amount sufficient to cover the transition period that will be required in order to find a
replacement for the departed salesman.
Posted in business
life insurance, buy / sell
life insurance, CEO
life insurance, income
replacement, insurable interest, insurance,
key man insurance,
life insurance Tagged business
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life insurance, precautionary measures, review and reality check, succession planning
life insurance, surviving family business ownership