Sentences with phrase «key person life insurance coverage»

Coverage is available for all family members and can also be used for strategic business planning such as key person life insurance coverage.

Not exact matches

Regulating the market helps control how life insurance coverage availability is offered to high - risk individuals.Other key functions of state regulations include agent and broker licensing to maintain a high caliber of insurance professionals and consumer services that give people options for resolving insurance issues and comparing their options.

For key person business life insurance, the Salary Increase rider offers owners the ability to increase the death benefit by $ 30,000 increments, up to $ 1,000,000 of additional coverage, with no proof of insurability.

While marketing for term life insurance to a younger generation would involve highlighting that buying early can save people money in the long run, the emotional impact of discussing final expense insurance coverage, its affordability, its relative ease in terms of comparison to a traditional life insurance policy and the fact that it gives a great deal of peace of mind for someone approaching retirement and beyond are some of the key ways that a final expense agent can assist with this purchase and encourage people to take that final step of obtaining a policy.

Company - owned life insurance to pay for things like key person coverage and to fund a buy - sell agreement

Key person life insurance is another type of coverage that is oftentimes used with protection of a business.

Regulating the market helps control how life insurance coverage availability is offered to high - risk individuals.Other key functions of state regulations include agent and broker licensing to maintain a high caliber of insurance professionals and consumer services that give people options for resolving insurance issues and comparing their options.

As you can guess from the name, these plans will allow you to purchase life insurance coverage (either for yourself or for a key person in your business), without having to take a medical exam.

You can purchase more coverage with term life, which is beneficially when covering a large mortgage on your home, protecting the primary wage earner of the household, key person life insurance, or covering a small business loan.

One of the other key factors that can have an effect on the amount that a person pays for life insurance coverage is whether or not they are a smoker.

The goal when valuing a key person for life and disability insurance is to get the correct amount of coverage based on the specific needs of the business but that also corresponds to the realistic loss associated with the death or disability of the key employee from the insurance company's viewpoint.

The goal when valuing a key person for life insurance is to get the correct amount of coverage (not under - insured or over-insured) based on the specific needs of the business.

It's insurance coverage on the life of a key person of a business.

Yet another key item that people may not be aware of when buying a life insurance policy — but should be — is the importance of the insurance company that they are obtaining the coverage through.

For small businesses with one or two key employees or owners, the article says key person or life insurance coverage may be a smart move to ensure funds are available to keep the enterprise up and running in the case of an unforeseen accident.

Once you've identified the key people on your team, you'll want to get an idea of how much coverage to purchase for each person before you speak with a life insurance agent.