Sentences with phrase «replacement key man life insurance policy»
Income Replacement Key man life insurance policy can provide the deceased owner's spouse or dependents a form of salary, allowing them to maintain the same lifestyle they had before their loved one died.
At a minimum, the small business owner will need to have a lifeinsurancepolicy on the keyman in an amount sufficient to cover the transition period that will be required in order to find a replacement for the departed salesman.