Sentences with phrase «appropriate business life insurance»
And logically, the loss of a valuable asset can cause a substantial financial loss to the if the appropriate business life insurance isn't in place.
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The bank will not issue your business loan without a «proof of policy» document showing you have secured the appropriate amount of life insurance, for the proper amount of time.
In cases like these that have the potential to become more complicated later on down the road, many times the «business» will elect to take out a permanent cash value life insurance policy, such as indexed universal life, on the individuals in question rather than try to make predictions on which term length would be most appropriate.
If you were taking out a 15 - year business loan on a piece of investment property, a 15 - year term life insurance policy would be appropriate.
If you're wealthy and older, a business owner, need to protect a disabled child or have a complex financial circumstances, there are occasions when Whole Life Insurance is appropriate.
In conjunction with Life Insurance Movement Day, which is today 8/22/2012, I can't think of a more appropriate time to write about the topic I have devoted my entire career to: protecting families and businesses.
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If you are looking for a policy with an investment vehicle to pay for things like a mortgage, a business loan, or to set up an estate or trust for loved ones or a cherished non-profit organization, a whole, universal or variable life insurance policy is more appropriate.
Term insurance is and will likely always be the most cost effective way and the most appropriate way for families and businesses to meet their life insurance needs.
When a business partner uses the life insurance benefits to buy out a deceased partner's share of the business in a buy / sell agreement, that's appropriate.