Sentences with phrase «key man life insurance»

For Companies: The premiums paid for key man life insurance policy are not tax deductible.
There are various types of key man life insurance coverage that may be used.
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.
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.
A business with key man life insurance will usually have an easier time getting approved for a commercial loan (assuming they meet all of the standard requirements).
To secure these much needed funds, lenders, as well as investors, will normally require the business to purchase key man life insurance on their key people.
Key man life insurance coverage refers to a policy that a company may carry on its top executives.
We offer comparisons of many different life insurance products, including key man life insurance, mortgage protection insurance, no exam life insurance, term life insurance, and more.
There are many different key man life insurance strategies that may be used.
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.
Key man life insurance helps companies to reduce the risk of business disruption by paying a death benefit if employees that are critical to business operations pass away.
You can also get an instant key man life insurance quote here.
A significant health issue can be a real concern if you are trying to get key man life insurance to cover your loan.
Working with an experienced agent who represents multiple insurance companies is the only way to know you will find the best key man life insurance policy at the lowest possible rates.
It is important to note that key man life insurance premiums are not tax deductible, but the death benefit may not be taxed upon death, depending on specific circumstances.
Key man life insurance differs from other life insurance policies in that the business is both the owner and the beneficiary of the policy.
While key man life insurance has much to offer a company, it wouldn't make sense in some situations.
There are many different reasons to buy key man life insurance.
If key man life insurance is properly structured, it may provide an attractive addition to your retirement package.
Most key man life insurance policies will have some sort of cash value build up either a whole life policy for universal life.
Generally speaking, fraud, misrepresentation and suicide within the first 2 years are the only policy exclusions with key man life insurance contracts.
There may be an exam required, but in some cases there are even no - exam key man life insurance policies available.
Adding this rider onto key man life insurance may be a smart choice, especially when using life insurance to fund a buy - sell agreement.
Why not let us help you uncover your best key man life insurance options?
Since, 1994, we have helped thousands of business owner's and companies of all shapes and sizes find the most competitive key man life insurance policies.
Key man life insurance plans are needed by a wide range of companies, and for many reasons, but generally is a critical financial pain point for small and medium size businesses.
There are a few different types of businesses where key man life insurance is a very good idea.
There are key man life insurance alternatives, should a traditional life insurance policy not meet your exact needs.
Key man life insurance provides immediate cash to the company at a most critical time.
In order to uncover your best solution, you need to identify exactly why key man life insurance is needed.
It's important to note that if you're trying to insure an older or less healthy employee the cost of key man life insurance can be incredibly high.
In any event, key man life insurance on the business owner can provide much needed stability if there is a sudden and unforeseen death.
As a business owner, another use for key man life insurance is to cover your debts.
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.
This is more often the case with group life insurance than with key man life insurance.
We have many different products to present to you, including key man life insurance, mortgage protection life insurance, term life insurance, no exam life insurance, and more.
Key man life insurance helps companies to reduce the risk of business disruption by paying a death benefit if employees that are critical to business operations pass away.
Key man life insurance policies give a business the assurance of knowing if it lost one of its most important contributors, funds would be available to maintain the stability of the organization.
Key man life insurance coverage will give your business the protection that they need if something were to happen to you.
Key man life insurance differs from other life insurance policies in that the business is both the owner and the beneficiary of the policy.
While key man life insurance has much to offer a company, it wouldn't make sense in some situations.
If you are the sole proprietor of a small business, or have significant ownership in the partnership or small corporation, you may be interested in key man life insurance.
The SBA, as well as many banks, often require key man life insurance as part of their lending criteria, since small businesses tend to be particularly dependent upon one or two employees, usually, the co-founders.

Phrases with «key man life insurance»

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