Sentences with phrase «carry business life insurance»

Not exact matches

Additionally, although Foresters Life Insurance Company is not accredited by the Better Business Bureau, it does carry the bureau's A + rating.

All employer - owned or corporate - owned life insurance is specifically covered under IRS Code Section 1.264 - 1 (a) and states the premiums paid on the life of any officer, employee, or person financially interested in a business carried on by the taxpayer are not deductible where the taxpayer is directly or indirectly a beneficiary of the policy.

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.

If you carry debts, from credit cards to student loans to business debts, these could all be made clear with the benefits of a life insurance policy.

Also, if you are self - employed or are in partnership with one or more partners than you should carry some life insurance to cover your business expense obligations should you die.

Furthermore, key man insurance and other employer - owned life insurance is specifically covered under Section 1.264 - 1 (a) and states the premiums paid for life insurance on the life of any officer, employee, or person financially interested in a business carried on by the taxpayer are not deductible where the taxpayer is directly or indirectly a beneficiary of the policy.

If you secured your home or business loan through a federally backed program, such as the VA or FHA, and you live in an NFIP - identified flood zone, your lender may require you to carry flood insurance.

If you're taking out your first business loan, the Small Business Administration and many other lenders might require you to carry life insurance in order to «collateralize» tbusiness loan, the Small Business Administration and many other lenders might require you to carry life insurance in order to «collateralize» tBusiness Administration and many other lenders might require you to carry life insurance in order to «collateralize» the loan.

Remember, life insurance is first and foremost a sum of money to take care of your heirs, estate, business, favorite charity, and all others who will carry on your legacy.

In some cases, if you have taken out a large business loan or a mortgage on the building in which your business is owned, your lender may require you to carry a comprehensive commercial insurance policy to protect your business for the life of the loan.

Since I've been in the business, even back when I was big into setting up group plans, I always recommended that people carry some life insurance outside the workplace.

Professional Experience Insphere Insurance Solutions (Oakbrook, IL) 2005 — Present Insert Title • Market and sell varied insurance products to business owners and individuals • Perform benefit analysis to determine coverage amounts necessary to protect clients» health and assets • Product portfolios include Life, Accident, Long Term Care, and Health coverage • Carriers include United Health Care, Humana, Aetna, John Hancock, Genworth, and Chesapeake • Build and strengthen professional relationships with clients, carries, and communitInsurance Solutions (Oakbrook, IL) 2005 — Present Insert Title • Market and sell varied insurance products to business owners and individuals • Perform benefit analysis to determine coverage amounts necessary to protect clients» health and assets • Product portfolios include Life, Accident, Long Term Care, and Health coverage • Carriers include United Health Care, Humana, Aetna, John Hancock, Genworth, and Chesapeake • Build and strengthen professional relationships with clients, carries, and communitinsurance products to business owners and individuals • Perform benefit analysis to determine coverage amounts necessary to protect clients» health and assets • Product portfolios include Life, Accident, Long Term Care, and Health coverage • Carriers include United Health Care, Humana, Aetna, John Hancock, Genworth, and Chesapeake • Build and strengthen professional relationships with clients, carries, and community leaders