Sentences with phrase «key man coverage»

For example, if you're a sole proprietor with no one else directly involved in your business's ongoing operations — such as lenders or employees — key man coverage would be unnecessary.

From life insurance policies granted to employees as a fringe benefit to key man coverage to protect the organization against the loss of vital executives, there are many life insurance options available to the business community.

There is no one size fits all product when considering key man coverage.

One of the most often overlooked aspects of the life insurance business concerns the insurance that companies often take out on their own workers, and one of the most important types of coverage is known as key man coverage.

If you're borrowing money, the lender may require a certain amount of key man coverage.

For example, if you're a sole proprietor with no one else directly involved in your business's ongoing operations — such as lenders or employees — key man coverage would be unnecessary.

Not exact matches

Although MDY's owners each have nearly $ 1 million worth of life insurance for their family's protection, financial adviser Adams urged them to purchase an equivalent level of key - man coverage for the company.

«In a growth situation, the value of your key man keeps changing, so it makes sense to recheck your coverage levels yearly,» Whiting advises.

They allowed him to run a single - coverage, man - to - man scheme (the key instruction: «You're going to guard bigs by yourself; we aren't helping down with guards») in which perimeter defenders stayed glued to would - be shooters.

The 22 - year - old's energy and defensive coverage was key for England in allowing them to dominate and set the tempo against Leonid Slutsky's men.

Georgia was able to throw on guys not named Fitzpatrick and Evans and also ran the ball well on a few key third downs when Alabama got caught playing man coverage with our two heroes turning their backs to the backfield (until the Tide started dropping a safety to eliminate that problem).

Starters Josh Metellus and Tyree Kinnel return to help the nation's No. 1 pass defense in 2017, but the key for the safeties this year is to strengthen their man - to - man coverage.

Key man life insurance coverage refers to a policy that a company may carry on its top executives.

As for key man disability insurance, it can be a little more difficult as there are relatively no «traditional» underwriters of key man disability coverage.

The most common disability policies for businesses include executive disability income insurance, key man disability, disability buy - out insurance and business overhead expense coverage.

MEG Financial founder and CEO Michael E. Gray, Jr. states, «in the past, cases where key person coverage was acquired but was no longer needed, the only options for the business were to let the key man policy lapse or surrender the policy for its remaining cash value.

After shopping, if you are ultimately uninsurable with all key man companies, there still may be an option for coverage.

However, in some instances, the amount of key man life coverage needed may exceed the limits of traditional insurance providers.

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.

Key man life insurance coverage will give your business the protection that they need if something were to happen to you.

Given the high cost of permanent life insurance, and that company needs often evolve over time, term coverage is often used as key man life insurance.

Key man disability insurance is a unique form of disability coverage designed specifically for the threat of a short term loss of a key person due to a disabling accident or illneKey man disability insurance is a unique form of disability coverage designed specifically for the threat of a short term loss of a key person due to a disabling accident or illnekey person due to a disabling accident or illness.

However, for those who do not need immediate coverage, taking an exam does offer the potential of securing less expensive coverage, such as for key man life insurance.

Whatever you decide, make sure that you are purchasing key man life insurance policy coverage that will cover all of the needs of your business, or as much as possible.

If you are applying for an SBA loan and need key man life insurance, here are the best practices to securing coverage, which are critical to getting the best results.

Key man insurance, otherwise known as key person or key employee insurance, is coverage which can help protect your company in the case of an untimely death or disability of a top salesperson, executive or business ownKey man insurance, otherwise known as key person or key employee insurance, is coverage which can help protect your company in the case of an untimely death or disability of a top salesperson, executive or business ownkey person or key employee insurance, is coverage which can help protect your company in the case of an untimely death or disability of a top salesperson, executive or business ownkey employee insurance, is coverage which can help protect your company in the case of an untimely death or disability of a top salesperson, executive or business owner.

Flexible premium adjustable life is useful for key man situations where long term coverage is needed and the ability to grow cash value at a fixed interest rate is desired.

When buying a key man insurance policy, there are certain mistakes that you must avoid if you are to obtain the best coverage.

When seeking the best premium quotes on key man life insurance coverage, it is often wise to work with a company or an agency that has access to more than just one single life insurance carrier.

Key man life insurance coverage is company - owned life insurance policies (COLI) on a worker who provides an essential contribution in to the interest in the business enterprise.

There are various types of key man life insurance coverage that may be used.

In some cases, key man life insurance coverage may also include a policy provision where the insured individual may be changed — without the need to cancel the policy.

From no exam life insurance to key man life insurance to mortgage protection life insurance, our unbiased professionals can help you determine which product and length of coverage is best for you.

If the company chooses to use a permanent form of life insurance for its key man life insurance coverage, it will receive both life insurance protection, along with a cash value component that is allowed to grow on a tax deferred basis over time.