Sentences with phrase «business life insurance death»

Are you starting to get how much easier things are when you just wait a couple of weeks and get a business life insurance death benefit check and make things right?

Not exact matches

One advantage C corporations have over unincorporated businesses and S corporations is that they may deduct fringe benefits (such as group term life insurance, health and disability insurance, death benefits payments to $ 5,000, and employee medical expenses not paid by insurance) from their taxes as a business expense.

You can use life insurance funding if you are one of the parties specified in a buy - sell agreement to purchase all or part of the business interest held by another buy - sell participant at the other person's death.

If your death will result in financial consequences to one or more people (i.e. spouse, children, business partners, etc) that you consider unacceptable, then you should probably purchase life insurance.

Key man life insurance helps companies to reduce the risk of business disruption by paying a death benefit if employees that are critical to business operations pass away.

Term life insurance is the cheapest and simplest option and only provides the business with simple death benefit protection against the loss of a key person.

Life insurance premiums are deductible as a business - related expense, and the death benefit is generally tax - free for individual policy owners.

Universal Life policies, backed by the financial strength of NYLIAC, provide the traditional life insurance protection that you need to protect your loved ones, ensure their continued financial security, and help protect your business upon your deLife policies, backed by the financial strength of NYLIAC, provide the traditional life insurance protection that you need to protect your loved ones, ensure their continued financial security, and help protect your business upon your delife insurance protection that you need to protect your loved ones, ensure their continued financial security, and help protect your business upon your death.

This is also a way to help keep the business running after your death, something that would be impossible without additional financial resources that life insurance provides.

Many partnerships and small businesses maintain life insurance policies on the principles so that they can complete a buy / sell agreement that provides life insurance proceeds to the other business partners so they can buy out your interest in the business in the event of your death.

Estate planning — Life insurance can provide funds for estate taxes and other liabilities upon your death, and may help your survivors avoid the sale of a home or business in order to meet those obligations.

Life insurance death benefits can be used for final expense needs, college funding for children, salary continuation for the surviving spouse, philanthropic donations to a favorite charity, and obviously to pay off any personal or business debts.

Term life insurance can be used to fund buy - sell agreements so that on the death of a business owner, surviving partners can use the proceeds to purchase the business from the deceased owner's beneficiaries.

Using whole life insurance or another type of permanent life insurance as an investment vehicle can be a great way to manage the risk of an unexpected death while also building a cash account that can be used to fund a mortgage, pay for a child's education, or even start a business.

If you are involved in a business with a partner, it's possible that you have a buy / sell agreement in which each business owner purchases a life insurance policy on the other owner and then uses the death benefit to buy out the deceased owner's share of the business.

If you have a partner in your business, you may be very interested in having a term life insurance policy on the partner in the event of his or her death.

A properly designed whole life insurance policy will allow the death benefit to grow concurrently with the cash value, so that protection of the family business AND estate is always maintained.

Also, a second - to - die life insurance policy may be beneficial where both spouses are active in the business and the surviving spouse will not need the death benefit.

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Life insurance protection is also important if you are a business owner or a key person in someone else's business, where your death (or your partner's death) could prevent the business from continuing its operation.

Certainly the primary reasons to obtain — or maintain — life insurance over age 50 include protection for your family, and protection for your business in the event of your death.

Survivorship life insurance pays out a death benefit upon the death of the second spouse or business owner.

Life insurance is important for business owners because it can help protect the business from financial loss, liabilities or instability in the case of an owner or business partner's death.

Life insurance is often used to make sure that the money is available to purchase the business interest at the owner's death.

For key person business life insurance, the Salary Increase rider offers owners the ability to increase the death benefit by $ 30,000 increments, up to $ 1,000,000 of additional coverage, with no proof of insurability.

This universal policy features a guaranteed death benefit and can be used toward key man business life insurance.

Business Continuation Insurance Life or disability coverage intended to help a business remain operational in the event of the death or disability of aBusiness Continuation Insurance Life or disability coverage intended to help a business remain operational in the event of the death or disability of abusiness remain operational in the event of the death or disability of an owner.

Many life insurance policies will allow business owners or employees to access your insurance benefits before your death if you become chronically ill or terminally ill.

Key Executive / Person Insurance Life insurance purchased by a business on a valuable employee (or owner - employee) to indemnify the business against the potential financial loss that would result in the event of that individualInsurance Life insurance purchased by a business on a valuable employee (or owner - employee) to indemnify the business against the potential financial loss that would result in the event of that individualinsurance purchased by a business on a valuable employee (or owner - employee) to indemnify the business against the potential financial loss that would result in the event of that individual's death.

Business life insurance protects both you and your partner (s) in those tenuous situations because this form of coverage will enable you to fund and fulfill the buy - sell agreement in the event of an untimely death of one of the partners.

However, it is not uncommon to see a buy / sell arrangement that has nothing but funding, meaning that, should one of the business owners die, a life insurance death benefit would be payable to the business (in an entity buy / sell) or the surviving partners (cross-purchase), which can be used to purchase the deceased business owner's shares or interests.

Life insurance for businesses is designed to cover any financial losses that may result in the death of you, your partner, or a key employee.

Whole Life Insurance thus provides a long - term protection for your family and business as well as the death benefit.

If you are involved in a business with a partner, it's possible that you have a buy / sell agreement in which each business owner purchases a life insurance policy on the other owner and then uses the death benefit to buy out the deceased owner's share of the business.

Term life insurance can be a powerful tool in making sure a business can continue running even after the death of a key employee.

If you are looking for life insurance to protect your family or business, accidental death insurance is not a realistic alternative.

A collateral assignment of life insurance is a contract that allows the death benefit of a policy to be used as collateral, this is usually used in business loans (but also equipment, structured settlement buyouts and other loans).

Corporate owned life insurance to cover the untimely death of a key employee or to fund a business perpetuation agreement

Key man insurance, commonly referred to as key person insurance, is essentially life and / or disability insurance purchased by a business on the life of a key employee or business owner to offset financial losses that would arise from his or her death or extended illness.

Using whole life insurance or another type of permanent life insurance as an investment vehicle can be a great way to manage the risk of an unexpected death while also building a cash account that can be used to fund a mortgage, pay for a child's education, or even start a business.

For years, companies both large and small have purchased and owned both key man life and key man disability insurance policies on the lives of their strategic people so that business continuity can be maintained in the unforeseen circumstances of a death or disability.

Life insurance is similar for a business as it is for an individual in protecting against the financial loss associated with premature death.

The death of a business owner or partner in a business can also bring the end to the business; life insurance plays a vital part in protecting the integrity of a business if such event were to occur.

That's because life insurance can help your family maintain their standard of living and quality of life or allow a business to carry on in the unfortunate event of a death.

By providing your business with an insurance benefit in the event of your death, life insurance can help to sustain the enterprise and ensure continuity.

You should've already discussed sudden death / end - of - life plans with your partners and lawyer, so if you're buying life insurance, make sure everyone involved knows how it fits into the larger business plan.

Life insurance is a great way to help keep the business afloat in the event of your untimely death; it can help cover the costs of the inevitable disruption a business goes through with the passing of a partner, can allow the remaining partners to find a new partner, or can provide the funds to allow your partner or family to close the business.

Key man life insurance helps companies to reduce the risk of business disruption by paying a death benefit if employees that are critical to business operations pass away.

Estate planning — Life insurance can provide funds for estate taxes and other liabilities upon your death, and may help your survivors avoid the sale of a home or business in order to meet those obligations.

Learn how to protect your company in the event of a prolonged absence or death with Key Person Life Insurance and other types of Business Life Insurance.