Sentences with phrase «key people»

There are several valuation methods commonly used to determine the proper amount of key person insurance needed.

You can learn a lot about prayer, both how to pray and how not to pray, by studying the prayers of key people in Scripture.

Three key plans that are often used by business owners include buy / sell agreements, cross purchase plans, and the purchase of key person life insurance.

This is a great option for key person life insurance, where the original key employee leaves the company.

The most popular term life policies for key person insurance include level term life and lifetime guaranteed term.

Once built, it will be useful for people who have lost touch with key people in their lives, for whatever reasons.

This tactic helped us get the support from key people who gave us a significant visibility boost.

To get up to speed on other types of business - related life insurance, read our previous articles on key person life insurance and life insurance for a buy - sell agreement.

A corporation will often buy key person policies for every member of its management team.

If key people walk during the sale, value is destroyed and the sale price will be less.

This is an excellent rider to consider and is very beneficial in cases of business owners, such as key person life insurance or in a buy - sell agreement.

Life insurance can mean the difference between bankruptcy and survival when a business owner or key person dies.

Get key people involved, be committed, and be hands - on.

Talk to your students, their parents or caregivers, and other key people at the school, such as coaches, band directors and club sponsors.

Ask other key people in the company to do the same.

A few years ago I was fortunate to build relationships with a few key people who would become my mentors....

Also, it is typically the less expensive option when considering key person business life insurance.

The latter step would have involved identifying key persons able to interpret a warning and implement it down their crisis management chains.

In the end, after a few key persons left, the company found itself unable to adequately service its customers.

You'd want them covered by key person insurance.

Should the business lose one or more key persons because of an unexpected death, the business is likely to endure severe financial challenges until a replacement can be recruited and trained.

It's true to a certain extent that knowing key people matters.

They figure out what companies and industries are of interest and then seek out key people within those areas who might be able to offer advice and guidance.

Businesses often purchase key person life insurance for their executives to protect the business if they were to suddenly pass away.

Consider the benefits of key person disability income insurance for a business.

However, if you are a business owner who owns and operates your own business all by yourself, you won't need key person insurance.

We could run dry on funds, lose key people, mistake our original goals, and / or just not deliver the level of quality we imagined.

Just like with term insurance, permanent insurance is a way of funding buy - sell agreements and providing key person coverage.

Other reasons businesses should consider key person insurance include succession planning for business owners as well as benefit planning for key employees, both of which might require more advanced setups.

Many business people buy key person insurance for partners, or vital people who are key to the success of their business.

The policy's proceeds are used to offset the loss experienced by the company upon the insured key person's death.

Key man disability insurance is purchased on one or more key people in a business to protect the business from the economic loss associated with the disability of a key employee.

1 - Many key people with very, very high salaries stepped down.

The 3 basic types of life insurance used to fund key person insurance include term life, universal..

I am a very low key person who enjoys reading, traveling, movies, decorating, personal fitness, and spending quiet evenings at home.

This will be discussed a bit more to follow concerning cash value key person insurance benefits.

The need for key person term life insurance really depends on your business and situation.

They purchased a universal life policy to provide funding for a buy - sell agreement and key person protection.

So it's a case of finding key people in communities around the world, those who aren't as visible perhaps, in order to hear their take.

This type of life insurance is typically called key person insurance.

Many companies have no other employee with the same knowledge, experience, judgment, or reputation as the deceased or disabled key person.

Depending on who you want to insure, the calculation for how much key person coverage you need will change significantly.

The sum assured is meant to cover costs of finding a replacement key person and also the losses that the business may suffer.

No business leader can succeed in driving change without being able to bring key people on the team along.

Need help choosing the right key person disability income insurance for your business needs?

It selected key people to «spend all of their attention focused on streaming business,» building it as if it were a startup.

Responding to suicidal behaviours involves a holistic approach by engaging key people in the child's life such as parents, carers, siblings, school staff and professionals.

Sending «advice» emails is the perfect way to get key people to notice you.

Though key person life insurance premiums aren't tax deductible, the proceeds of the policy are usually provided to the company free of income tax.