Sentences with phrase «key man insurance policy»
In most cases, the cost associated with securing key man insurance policies is very small relative to the potential benefit if a key worker dies or is disabled.
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If your business would be dramatically impacted by the loss of one or more of your top people, key man insurance can effectively protect against this risk and you should consider purchasing key man insurance policies to protect your company.
These irreplaceable members of your business are the most important to take out key man insurance policies on.
A key man insurance policy provides crucial financial relief during a time of loss that affects you and your employees.
When a company pays premiums into a permanent (non term) key man insurance policy a cash surrender value begins to accumulate over time.
A key man insurance policy can provide your business with liquidity to make - up revenue shortfalls that may arise with the death of a key employee.
We work with business owners on a daily basis and one of the most common questions asked is, «what is the difference between a regular life insurance policy and a key man insurance policy?»
These agents can help you determine whether a key man insurance policy would be right for your business.
A key man insurance policy provides peace of mind to business owners and shareholders alike knowing the business can continue operations without major disruption in the event of the loss of a key employee.
A key man insurance policy can cover an extended period after a key person is incapacitated and unable to work or dies unexpectedly.
When buying a key man insurance policy, there are certain mistakes that you must avoid if you are to obtain the best coverage.
The board felt that a key man insurance policy was needed.
Debt Payments The life insurance payout from a key man insurance policy can be used to pay any outstanding debts, bills, loans, or unforeseen expenses.