Sentences with phrase «key employee life»

A key employee life insurance policy is put in place to protect a business from losses if an invaluable employee dies.

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You can use term insurance to cover this need for key employee life insurance or a permanent policy like whole life insurance, universal life insurance, variable universal life insurance or variable life insurance.

It is used by business people to cover outstanding loans, to fund buy - sell agreements in the event that a partner or shareholder dies in the initial years of a new business, or for key employee life insurance.

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

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If he had sufficient key employee life insurance on the life of his valuable employee the company would have survived.

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The funds provided by the key employee life insurance policy would help the business readjust in the event of the employees death.

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

Key employee life insurance is vital to the survival of your company.

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Key employee life insurance.

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

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Get Key Employee Life Insurance or Life Insurance to fund Buy Sell Agreements.

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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.

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.

For an employee who owns no equity in the business, the maximum amount of key employee life insurance a business can buy is 10 times the employee's annual income.

Key employee life insurance does not pay out for a disability, so you are leaving your business vulnerable to a potential disability, which is statistically more likely to occur than death.

While key employee life insurance is usually purchased for high - earners, you should note that the face value of the policy is often limited to a multiple of the insured's income, such as 10X.

The death proceeds from the key employee life insurance policy may be used in a number of ways.

If the key employee lives, the company can bonus the tax free premium refund as a retirement gift.

Not exact matches

That is key, given that the firm is located in a high - cost area and because it has many young employees who need cash — not speculative equity stakes — to meet their living expenses.

Other policies to consider include: • Key employee insurance life or disability income insurance compensates a business when certain key employees become disabled or dKey employee insurance life or disability income insurance compensates a business when certain key employees become disabled or dkey employees become disabled or die.

The key is to take an interest in employees» lives outside of work.

James Key Lim, one of the first employees of Zappos and CEO of Delivering Happiness at Work told us that because work inevitably bleeds into professional life, it is important to help employees find better work - life integration.

The key themes we focus on bring to life many of the topics covered in our latest book, The Future Workplace Experience: 10 Rules for Mastering Disruption in Recruiting and Engaging Employees.

This comprehensive study examines key research findings that will help you ensure your clients» employees live healthier now and in their retirement.

You might also want life insurance to cover college expenses for your kids if you die, or pay off your mortgage at that point, or to pay for funeral expenses, or to protect the income your business gets from a key employee.

Six key factors have all contributed to a massive upheaval of what leaders and employees feel they have a right to expect in their work life:

Clark Insurance offers a variety of business insurance options, including everything from a business owner's policy and liability protection to complete employee benefit plans and key person life insurance.

Life insurance may be used to insure key executives, to transfer ownership of a business interest, and to provide employee benefits.

Split dollar life insurance is an important part of the compensation package of many key employees.

The assumption that a key source of male identity is rooted in work and not in family and relationships, and that the opposite is true for women, is a major impediment to the effective integration of employees» work and personal lives.

«Oneida County has continually made it a priority to proactively raise Breast Cancer awareness by engaging with our employees and the public through various educational efforts and events,» said Oneida County Executive Anthony J. Picente Jr. «Many of us have had our lives impacted by this disease in some way and know that preventative measures and early detection are big keys to winning the fight.»

When sharing a company review on Glassdoor, employees are asked to rate their satisfaction with the company overall, and key workplace factors like career opportunities, compensation, benefits, work / life balance, senior management, as well as culture and values.