Sentences with phrase «death of a key person»

At the death of the key person, your business (the policy beneficiary) will file a claim with the insurance company to receive the death benefit.

In the event of the death of the key person, the company receives the policy proceeds and can use the funds at their discretion.

KEY PERSON INSURANCE The sudden, unexpected death of a key person could result in a substantial loss to your business - the loss of expertise, as well as the high cost of securing and developing a competent successor.

Key person life insurance offers a death benefit that can help cover financial losses that occur at the death of a key person.

At the death of the key person, your business (the policy beneficiary) will file a claim with the insurance company to receive the death benefit.

With a collateral assignment, in the event of the death of a key person, the lender gets the exact loan balance amount due with the business receiving the remaining insurance proceeds.

The business applies for and owns the life insurance policy, pays all premiums and is the beneficiary of the policy in the event of the death of the key person.

Life insurance can protect against the untimely death of a key person and create an influx of cash into the business during this transitional period.

These costs are related to the loss of revenue, loss of clients, possible loss of pending sales, and any other ways the business would be affected by an untimely death of a key person.

The business owner would then have the necessary funds to pay the expenses resulting from the death of the key person:

• It can be used to cover the risk of business loss due to untimely death of key persons by cash strapped enterprises as key man insurance at low cost.

It provides the protection the company needs against the death of a key person and leaves the door open for the company to be as creative as they want to be in making sure that the key person knows they are valued for more than just the death benefit.

You might need life insurance for business purposes, like protecting against the untimely death of a key person or to fund a business perpetuation plan

These costs will be related to loss of revenue, loss of clients, loss of pending sales, and many other ways the organization would be affected by an untimely death of the key person.

The real estate broker would then have the necessary to fund the expenses that result from the death of the key person:

Not exact matches

From death by a thousand administrative cuts to insurance industry uncertainty to lawsuits challenging key Obamacare provisions which help people afford their out - of - pocket costs, the ACA still has plenty of challenges to withstand going forward.

The death benefit offered through «Key Person Insurance» helps ensure that should a «key person» within a company pass away, there will be continuity of the business for its employees (and customerKey Person Insurance» helps ensure that should a «key person» within a company pass away, there will be continuity of the business for its employees (and custoPerson Insurance» helps ensure that should a «key person» within a company pass away, there will be continuity of the business for its employees (and customerkey person» within a company pass away, there will be continuity of the business for its employees (and custoperson» within a company pass away, there will be continuity of the business for its employees (and customers).

And until that's fixed, guns will remain a key contributor to the death of young people.

When you compare the key person or founder, date, location; key writings; who is God; who is Jesus; who is the Holy Spirit; how to be saved (salvation); what happens after death; and other facts, beliefs, or practices you will learn why Mormonism is deem a cult and not part of the Christian faith.

One key point in this discussion is to remember that not a single one of these judgments and condemnations by apostles was to condemn a person to death or to everlasting torment in the Lake of Fire.

One of the key characteristics of the disease, which affects around one in 800 people by the time they are elderly, is the death of dopamine - producing cells in the brain.

The two key sources, however, are unpublished documents he obtained from Gloria Karefa - Smart, Baldwin's sister and literary executor: a June 1979 letter from the writer to his agent, Jay Acton, and 30 pages of notes for a novel that Baldwin would never write, to chronicle the lives and deaths of his friends Medgar Evers, Malcolm X, and Martin Luther King Jr. «I want these three lives to bang against and reveal each other, as in truth they did,» Baldwin explains, «and use their dreadful journey as a means of instructing people whom they loved so much, who betrayed them, and for whom they gave their lives.»

«Reel Chicago» will include Raul Zaritsky and Linda Williams's Maxwell Street Blues (1981), about the musicians who shaped the city's electric - blues sound as they performed in the legendary open - air market; Tom Palazzolo's Chicago, which collects key short works by the veteran city chronicler; The Films of Gordon Weisenborn, a quartet of half - hour educational films by the little - known director; and The People vs. Paul Crump (1965), a profile of the death - row inmate turned novelist that was one of the first films by director William Friedkin (The Exorcist, The French Connection).

The Student Editions include: • Links to instructional videos, audio, or texts • Links to practice quizzes or activities • 12 assessments that include a total of 39 multiple choice, 2 true / false, and 2 sorting questions • Definitions of key terms related to each of the standards • Examples of how students can apply the standards to their reading and deepen their understanding of what they are reading • Excerpts from several high - quality texts, including: - «Harriet: The Moses of Her People» by Sarah H. Bradford - «The Narrative of Sojourner Truth» by Olive Gilbert and Sojourner Truth - «On Women's Right to Vote» by Susan B. Anthony - «Give Me Liberty or Give Me Death» by Patrick Henry • Accompanying Teaching Notes files The Teaching Notes files include: • Additional activities and writing prompts to help your students explore the standard • Links to additional resources • Ideas to differentiate the activities for students who need extra support or to be challenged further • Answer guides with correct answers, answer choice rationales, word counts, and DOK (Depth of Knowledge) levels

Key person insurance protects a business in case of the death of a key employKey person insurance protects a business in case of the death of a key employkey employee.

The business value protection rider allows owners to increase the death benefit as the value of the business increases, which may be suitable for buy - sell agreements and key person insurance.

So, if your company is the beneficiary, which is kind of the point of key person insurance, then the premiums are not deductible (similar to a personal life insurance contract) because the death benefit is not subject to taxation.

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.

A buy - sell agreement typically specifies in advance what will happen if an owner or a key person leaves the company, either through a personal decision or because of death or disability.

To protect a business in case of the death of a key employee, key person insurance, payable to the company, provides the owners with the financial flexibility needed to either hire a replacement or work out an alternative arrangement.

Key - person life insurance can help offset the financial consequences resulting from the death of someone upon whom the company relies for success.

You witness the death of key characters and form bonds with their spirits which, later in the game, allows you to relive and interact with that person's final day.

The key part of a wrongful death case comes from a claim going against someone who engaged in an action that caused the death of another person.

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.

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 individual's death.

Key man insurance, commonly referred to as key person insurance, is the most effective and efficient tool a business can use to guard against the death or disability of a highly valued employee or business ownKey man insurance, commonly referred to as key person insurance, is the most effective and efficient tool a business can use to guard against the death or disability of a highly valued employee or business ownkey person insurance, is the most effective and efficient tool a business can use to guard against the death or disability of a highly valued employee or business owner.

In many cases, a corporation or other business entity purchases a policy on one of its key people to protect against his / her premature death and the consequences to the company's revenues.

We understand that the death of a family member, loved one, or key business person will impact families and businesses for generations to come.

Key man insurance commonly referred to as key person insurance or key employee insurance is designed to protect company in the case of an untimely death or disability of a top salesperson, executive or business ownKey man insurance commonly referred to as key person insurance or key employee insurance is designed to protect company in the case of an untimely death or disability of a top salesperson, executive or business ownkey person insurance or key employee insurance is designed to protect company in the case of an untimely death or disability of a top salesperson, executive or business ownkey employee insurance is designed to protect company in the case of an untimely death or disability of a top salesperson, executive or business owner.

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 illneKey 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 illnekey 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 illnekey employee or business owner to offset financial losses that would arise from his or her death or extended illness.

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.

We also offer a variety of unique commercial insurance solutions, including critical illness / disability coverage, as well as a key person insurance, loan protection insurance and buy / sell funding — all of which can protect you in the event that a key management team member is unable to maintain their position due to injury, illness or death.

To protect a business in the event of the death of a key employee, Key Person Insurance, payable to the company provides the owners with the financial flexibility needed to either hire a replacement or replace the financial loss incurred by the businekey employee, Key Person Insurance, payable to the company provides the owners with the financial flexibility needed to either hire a replacement or replace the financial loss incurred by the busineKey Person Insurance, payable to the company provides the owners with the financial flexibility needed to either hire a replacement or replace the financial loss incurred by the business.

Proceeds from an insurance policy can be used to train a successor for a deceased key person or to purchase a business owner's shares in the event of his or her death.

Key person insurance is a life insurance policy, but instead of the death benefit going to a spouse, partner, child, or trust, it goes to the company.

Key man insurance, a.k.a. key person insurance or key employee insurance, is coverage that will protect the company or business in the case of an untimely death or disability of a top salesperson, executive or business ownKey man insurance, a.k.a. key person insurance or key employee insurance, is coverage that will protect the company or business in the case of an untimely death or disability of a top salesperson, executive or business ownkey person insurance or key employee insurance, is coverage that will protect the company or business in the case of an untimely death or disability of a top salesperson, executive or business ownkey employee insurance, is coverage that will protect the company or business in the case of an untimely death or disability of a top salesperson, executive or business owner.

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.

The death or disability of one of these key people may well be a fatal blow to the company.

If you closely consider the impact to your company of the death or disability of a key person, you can begin to understand the level of protection you need.

If the key person were to die, the company will receive the death benefit of the key person.