Sentences with phrase «considering key person insurance»
When considering key person insurance, the first step for any business is to determine the company's reason for buying the policy.
https://www.keypersoninsurance.com/ Not exact matches
Like having life insurance to provide financial help for your family when you pass away, a SBO may want to consider «Key Person Insurancinsurance to provide financial help for your family when you pass away, a SBO may want to consider «Key Person InsuranceInsurance.»
(Small businesses may wish to consider purchasing life insurance policies for key individuals, such as an owner or top employee, to help prevent financial distress if that person were to die.)
Business owners who are looking at the long game may also benefit from both when considering needs such as key person (key man) life insurance.
This is an excellent rider to consider and is very beneficial in cases of business owners, such as key person life insurance or in a buy - sell agreement.
Key - person insurance and buy - sell agreements are two safeguards to consider.
If your business would be dramatically impacted by the loss of one or more of your top people, key man insurance can effectively protect against this risk and you should consider purchasing key man insurance policies to protect your company.
There are two important products for you as a small business owner to consider Buy - Sell Protection and Key Person Life Insurance.
For example, an office assistant would not be considered a key person for the purposes of insurance as that position could readily be filled rather quickly and without considerable injury to the business.
Consider the benefits of key person disability income insurance for a business.
All to often a business will purchase key person life insurance on a valued employee, but will neglect to consider what might happen if that key employee were to suffer a disability.
An employer may take out a key person insurance policy on the life or health of any employee whose knowledge, work, or overall contribution is considered uniquely valuable to the company.
Some important questions business owners should ask when considering key person disability insurance include:
Business owners who are looking at the long game may also benefit from both when considering needs such as key person (key man) life insurance.
(Small businesses may wish to consider purchasing life insurance policies for key individuals, such as an owner or top employee, to help prevent financial distress if that person were to die.)
After considering a few key demographics about who drives in the Bluegrass State, most people decide to go above and beyond the minimum requirements for auto insurance.
For most people in their 30s, business life insurance will take the form of key man insurance, although some business owners may need to consider buy - sell life insurance.
Are proceeds earned from the key person life insurance considered income and the business will be taxed?
Pricing insurance is all about assessing risk, and insurance companies consider a person's financial reliability (largely determined by their credit history) as a key factor in determining how risky that person is to insure.
For businesses, you should consider key person disability insurance in addition to key person life insurance.
Also, it is typically the less expensive option when considering key person business life insurance.
The amount of insurance a business should consider for a key person would be predicated on the risk involved.
If losing a partner or key employee would jeopardize your ability to continue successful administration and operation of your business, you might consider key person (sometimes known as «key man») life insurance to protect your company.
Term life insurance also has the advantage of keeping cost lower when that key person has impairments that may increase mortality costs of insurance, something that can be a bit overwhelming when cash value policies are considered.
Knowing that the success of the broker's organization is typically predicated on the success of a small group of people, every real estate broker should consider Key Man insurance to ensure the continuation of the organization in the..
The broker principal designates who in the organization is considered a key person and purchases a life insurance on that person, pays the periodic premiums, and is the beneficiary of the policy.