Sentences with phrase «insure key executives»
Life insurance may be used to insure key executives, to transfer ownership of a business interest, and to provide employee benefits.
https://www.irs.com/ Not exact matches
A key man policy can also be used as an employee benefit, since the life insurance policy can be transferred to the executive or insured employee by the company.
A key man policy can also be used as an employee benefit, since the life insurance policy can be transferred to the executive or insured employee by the company.
The same policy can be used to insure any essential or key players in the company, whether he / she is an executive, director, or talented employee critical to your company's financial success.
Insuring executives / key employees is a commonly used method for reducing a business» taxable income while protecting it at the same time.
I spoke with the CEO and owner of a company yesterday who was uncomfortable with the idea being pitched by Nationwide insurance of using Indexed Universal Life Insurance as a way to insure him as a key man and amass a fortune in cash value as an executive bonus for his retirement.