Sentences with phrase «for key employees»

Businesses also depend on life insurance for their key employees or partners that would represent a financial loss to their company he they suddenly passed on.

The 25 year term life insurance policy is also used for key employee life insurance.

30 year term life insurance is also used for key employee life insurance.

Other reasons businesses should consider key person insurance include succession planning for business owners as well as benefit planning for key employees, both of which might require more advanced setups.

Once the need for key employee life insurance has been established, there are a few questions that should be answered before you begin to shop for a policy.

Additional amounts of coverage may be added in order to cover the cost of locating, hiring, and training a replacement for the key employee who was lost.

Another option she said was to invest in satellite phones for key employees to communicate with each other.

It's your job to understand the career path for all your key employees.

Other ancillary documentation may include registration rights, founder stock restriction agreements, new employment agreements for key employees, a stock option plan and a management rights agreement.

The «premium bonus» plus the «tax bonus» can result in low, or no personal expense for the key employee's own life insurance.

It also can help with implementing tax - advantaged retirement benefits for key employees as well.

It is a risk cover that the company buys for key employees, such as a chief executive officer, to protect against loss on account of death of the person.

In addition, she leads career development groups at corporations to provide professional development and branding support for key employees.

Once the need for key employee life insurance has been established, there are a few questions which should be answered before you begin to shop for a policy.

This policy is also sometimes used for key employee life insurance.

What we are discussing here is not group life insurance but more specifically life insurance as it applies to the owners of each business and life insurance for the key employees.

The business may seek out a replacement for the key employee, may replace lost profits, or fund a partial stock redemption agreement.

Business people also use these policies to fund buy sell agreements or for key employee life insurance.

«Michael Gray, Jr.of MEG Financial assisted our firm in procuring policies for our key employees.

Organizations may purchase bulk memberships for key employees.

Southern Produce has continued its internal realignment strategy for its key employees to ensure that growth in its business is managed successfully.

Within the first stage of the Incentive Programme for the key employees and associates of the Company, the Supervisory Board granted each Member of the Company's Management Board the right to acquire subscription warrants series B, while this right of all Members of the Company's Management Board concerns subscription warrants series B amounting in total to 1,350,000 (one million three hundred fifty thousand).

Obtain visas for key employees and set up the business ownership to facilitate transfers of foreign professionals to the US business

• For key employees who depart to join a competitor, consider writing a letter advising the new employer of the employee's confidentiality obligations.

Despite the surveys on wages, a group of Philadelphia local worker advocates are pushing for a key employee benefit: paid sick time.

Produced and analyzed discrimination testing to ensure clients were in compliance with all IRS regulations while still maximizing eligible contributions for key employees.

Nationwide Future Executive VUL is a variable universal life insurance product designed for business clients who need to fund executive benefit plans for their key employees.

The risk of disability at old age is actually higher than death at certain ages; to achieve adequate protection, most companies should secure both key man life and disability insurance for their key employees and / or executives.

This policy may also be used for Key Employee Life Insurance.

Nationwide Future Corporate VUL is a flexible premium variable universal life insurance policy that is designed for use with business clients to informally fund executive benefit plans for their key employees.

Business people need life insurance may be to fund a cross purchase agreement in a partnership or corporation or for key employee life insurance...

What of business life insurance, is this policy intended to fund a buy - sell agreement or is it for key employee insurance?

There may be a need for a policy specifically to fund a buy sell agreement or may be for key employee insurance.

«For Key Employees, most advisers recommend a multiple of 5 - 7 times current salary, or estimated lost earnings to the company times 1 - 2 years.

In this article we've provided 4 easy steps to buying life insurance for a key employee, and real - life example of a business we recently helped.

Please note: When buying life insurance for a key employee, the employee does not need to show an ownership share in the business, but if they do, your business may also want to consider purchasing life insurance for a Buy - Sell Agreement.

You may want to also consider keyman insurance for key employees.

«For key employees, you may want to provide additional disability or critical illness insurance because you want to get these key individuals back to work quickly or because you need to immediately hire someone to replace them if they can not return,» says Skot.