Sentences with phrase «key person dies»

If the key person dies, your business would be the beneficiary and receive the death benefit to help keep your business running.

Under this scenario, the company owns the policy and is also the beneficiary who receives a death benefit if the key person dies.

Life insurance can save a business from liquidation if a partner, the CEO or a key person dies but it is often shoved to the side because companies look for help in all the wrong places.

If the key person dies, the death benefit is payable to the business and not the key employee's family.

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

The business is the owner of the policy, pays the premium and is the beneficiary in the event the key person dies.

Or, to provide funds for the business if a key person dies prematurely.

If the key person died unexpectedly, the business would receive the death benefit from the insurance company tax - free.

For a ballpark figure, first estimate how many years your business would likely suffer if a key person died unexpectedly.

Not exact matches

One of the key characteristics of the trolley problem is that it's a lose - lose situation: either you kill an innocent person, or you allow several people to die.

I think it's important to have a brief standup meeting with all the key content creators each week; just because there is an accessible calendar doesn't mean everyone is living and dying by it like the person who maintains it.

The pastor encouraged members to talk about what had happened in each year, and, as they talked, a scribe noted key phrases in the stories at the appropriate place on the paper: «great music festival,» «administrative mess,» «Mrs. Chairperson dies,» «young people ask for a different type of worship,» «new kitchen.»

Education is key, I will say it a million more times before I die, because a million more people are going to say «I want to get healthy, but I have no idea how to!».

«With the Trump Administration and their allies in Congress working to gut the U.S. Environmental Protection Agency and rollback key environmental protections and safeguards that prevent people from getting sick and dying, it is gratifying to know that there are leaders in Washington standing up to prevent such recklessness,» the letter states.

Telomere length does seem to be linked to life span; one key study in The Lancet found that otherwise - normal people over 60 who started out the study with short telomeres were more likely to die over the next 17 years than those with long telomeres.

The team looked at four aspects of life that affect survival and reproduction, key signposts of natural selection: Who lived beyond age 15, who got married and who didn't, how many marriages each person had (second marriages were possible only if a spouse died), and how many children were born in each marriage.

In our experience, the sweating protocol is one of the key reasons that people doing The McCombs Plan report little or no «die - off reaction».

When Halliday died, he left his immense fortune, and total control of the OASIS, to the first person to win three keys, unlocking the door to a digital Easter egg he hid somewhere in his seemingly infinite creation.

Johnny Depp played hopeless B - movie auteur Ed Wood Jr as a never - say - die idealist who rescued Bela Lugosi from unemployment; Meryl Streep gave life to the deluded classical singer, Florence Foster Jenkins, who was rich enough to pay people to listen to her off - key warbling.

When Halliday died, he left his immense fortune, and total control of the OASIS, to the first person to win three keys, unlocking the door to a digital Easter egg he hid somewhere in his seemingly infinite creation.

(Small businesses may wish to consider purchasing life insurance policies for key individuals, such as an owner or top employee, to help prevent financial distress if that person were to die.)

And there is also the company wanting to protect itself with key person insurance if the company's star employee dies.

If the key person unexpectedly dies, the company receives the insurance payoff.

To identify a key person, it is important to ask is who is generating substantial profits for the business and how long would these profits continue if that person died?

Business Credit Life Insurance can help meet the financial obligations of your business should a person who is key to the success of your business die or suffer a covered accident.

Bioware died when all of it's founders / key people left.

Communication was the key to winnin matches; letting people know where someone was when you died, timing the weapon respawns, requesting back - up.

You may choose to insure this individual with key - person insurance to compensate the business for lost revenue and production if this key person were to become disabled or to die.

Sometimes key people move, retire or die.

The key statistic here, one that is, unfortunately, almost never mentioned, is «climate - related deaths,» that is, how many people die each year from a climate - related cause, including droughts, floods, storms, and extreme temperatures.

Key Man life insurance helps prevent business disasters when a key person in the business dies unexpectedKey Man life insurance helps prevent business disasters when a key person in the business dies unexpectedkey person in the business dies unexpectedly.

Typically designed so that the surviving business partner would have the money to purchase the company interests, life insurance for businesses can also be structured as «key person insurance,» where if a key employee dies the business owner will receive a benefit to help offset the financial impact of losing the key employee.

Beware that knowing which state the policy was purchased in and not where the person died is key.

If the key person were to die, the company will receive the death benefit of the key person.

Life insurance protects your family from your financial debts and obligations after you die by providing a death benefit, but it also may be used for business purposes to compensate a company for the loss of a key person in the company.

Key person life insurance provides a death benefit that can aid in covering financial losses if your key person employee were to dKey person life insurance provides a death benefit that can aid in covering financial losses if your key person employee were to dkey person employee were to die.

Generally, when using a key man life insurance policy to secure a loan, a collateral assignment is utilized to ensure the bank or lending institution receives funds to cover the loan balance due in the event the key person or business owner dies.

(Small businesses may wish to consider purchasing life insurance policies for key individuals, such as an owner or top employee, to help prevent financial distress if that person were to die.)

Business people may buy term life policies to protect the business should a key employee die without warning.

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.

A key step in purchasing a life insurance policy is choosing your life insurance beneficiary — the person (or entity) who will receive the cash benefit from your policy after you die.

Key person in the daily operations of the die cutting department.