Sentences with phrase «key person policies»

Key person policies differ from traditional life insurance policies in that a business entity is both the owner and beneficiary.

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

When this happens, if a cash value life insurance policy was used to fund a key person policy, the amount of the cash value can be taken out in the form of an easily accessible life insurance policy loan, with no origination costs, tax free.

A key person policy will ensure that your business will keep running if that key employee passes away.

Taking out a key person policy on your top employees also affirms their value to your business, strengthening the relationship.

There are some unfortunate situations that can arise if a key person policy isn't in place.

Most of the time this product is purchased by high net - worth individuals or business owners wanting a key person policy.

When this happens, if a cash value life insurance policy was used to fund a key person policy, the amount of the cash value can be taken out in the form of an easily accessible life insurance policy loan, with no origination costs, tax free.

The use of the policy is what makes it a key person policy.

In some cases the business will receive tax benefits for setting up a key person policy.

A key person policy is designed to protect your business, not your family.

Not exact matches

Done right, diverse slate hiring policies — which require at least one woman or person of colour to be among the candidates considered for a job — remove the easy excuses that cheat the under - represented out of a shot at key roles.

Trump doesn't have a plan — or people — in place for key domestic and foreign policies, writes National Review's Kevin Williamson.

Clark Insurance offers a variety of business insurance options, including everything from a business owner's policy and liability protection to complete employee benefit plans and key person life insurance.

To alleviate such risks he may cut prices, initiating sales periods, or hold key persons insurance or have a staff lending and borrowing policy with a nearby store in the same chain.

He was a key person in the passage of SB 09 - 226, a law in Colorado requiring all school districts to have a policy to keep food allergic children safe at school, and helped flipped senators and representatives from a «no» to a «yes» vote through his testimony.

The key message of Right to Food and Nutrition Watch this year is that people's participation in the planning, development and implementation of alternatives to dominant policies in food, agriculture and nutrition is needed to challenge the current balance of power and effectively tackle hunger.

The main causes of exclusion of persons with disabilities are key for comprehending the major obstacles to operationalizing inclusive policies, frameworks and guidelines in the field, especially in complex emergencies.

These key policies will benefit millions of people across the country by creating a stronger economy and fairer society with opportunity for everyone.

Odogwu made this assertion while appraising effort made by the Okowa led administration in Delta State to make life meaningful for the people, which he highlighted some key economic programmes for the grassroots people, which he stated that these policies were capable of tackling the challenges the people currently contends with.

Also, don't forget that the 50p rate was never a LibDem policy or priority, but increasing the tax free allowance to # 10k for people on low to middle incomes was a key manifesto commitment (higher rate tax payers get less of an increase + those earning over # 100k get no tax free allowance).

Leading charity warns government is in danger of excluding disabled people from key area of economic policy

On December 22, 2010, Obama signed the Don't Ask, Don't Tell Repeal Act of 2010, which fulfilled a key promise made in the 2008 presidential campaign [214][215] to end the Don't ask, don't tell policy of 1993 that had prevented gay and lesbian people from serving openly in the United States Armed Forces.

«Nick Clegg and the Liberal Democrats are delusional if they think this announcement can airbrush out the key role they have played in betraying our children and young people by colluding with the Conservatives in the introduction of education policies which have robbed our children and young people of these important entitlements.

I expressed my views in this regard on WhatsApp last weekend, «Any country in which its elites consider re-electing a president like Buhari just as thousands of citizens are murdered across the country with not a single person arrested; a president who can not make an intelligent conversation on any policy or global issue with other global leaders; a president whose EFCC and DSS engage in open confrontation; a regime which crippled the economy and relies on cyclical movements in oil prices as its sole economic lever; a regime under which 10 million jobs are lost; and key accusations against top officials are treated with levity; just as the regime appears complicit in the invasion of its senate by thugs and seizure of mace... such a country is in serious trouble, that is if it isn't doomed.

They have all told the British people it is essential for them to remain in the EU — although two of them, Brown and Major, had some of their greatest success by keeping Britain out of key EU policies.

For anti-poverty organizations, a key policy debate has been extending an expiring tax rate on millionaires as well as increasing taxes on even wealthier people who make more than $ 5 million.

To Teachout, who became a progressive beacon when she unsuccessfully challenged Cuomo from his left in 2014, electing people who are willing to listen to other sides of the debate and work vertically with those of a similar mind both are key in advancing policies in hyperpartisan Washington.

He also cited the coalition's plans to introduce a marriage allowance — a key Tory commitment which Clegg had dismissed as «patronising» prior to the general election — suggesting voters now saw the Lib Dems as «people who are giving power to the Conservatives without any influence over policies they used to oppose».

One learns on every job, and, as Berkower notes, flexibility is key even at universities because «policies change over the course of a person's career.»

Key to this success is probably the reduction in people's exposure to semiautomatic weapons, Johns Hopkins University health policy researcher Daniel Webster writes in an accompanying editorial.

The administration named «unqualified persons» with political agendas or industry ties to key policy posts or advisory committees, and it opposed qualified experts if they appeared to be anti-industry.

Those who do consider population to be a key to the problem typically say little about which policies would spare the planet many more billions of people.

The Community Transport Association (CTA) is the national body working with the providers of community transport helping them to remain relevant and responsive to key areas of public policy and make a big difference for people and families in the communities they work in.

Indeed, one of four key messages in its final report is that young people are the experts in their lives and, as such, should be the «key informants on policies affecting them.»

A few weeks ago, I asked some very smart people who help states draft charter laws for a list of the key policy design questions that their policymakers tend to ask.

He encouraged students to take short periods of time and try to work as interns or fellows in Washington as a means of getting to know key people in the policy world.

Tes and SMART technologies have pulled together the advice and expertise of key people in education ranging from teachers at the heart of inspiring our young people, to administrators and policy makers, to discuss ways to transform schools and classrooms into places of inquiry and experimentation, in which limits, creativity and discovery are pushed.

Young people are the experts in their lives and, as such, should be the «key informants on policies affecting them», a recent report highlights.

The researchers found that six key policies had been implemented by all five states: adopting academic standards for teaching students about the history and culture of America's indigenous peoples, involving Native Americans on advisory boards, promoting Native American languages through teacher certification, allowing students to learn their native language as part of their education program, and providing tuition assistance for college - bound Native American students.

The importance of his classroom experience was key to his success in this role because «it gave me a framework for understanding educational issues in a way that people coming directly in the policy may not have.»

MSA makes sure your voice is heard by key policy decision makers on Capitol Hill through regular in - person meetings and strategic communications.

Connecticut's people just like the Governor and every economist and every policy maker and every educator and every business owner knows that an educated workforce is the key to a successful economy.

A key aspect of this process (in the new or proposed policy) calls for people close to the decision (e.g. direct involvement by those communities considered) to have a say in whether their school would close or remain open.

«We also advocate for market and policy reform to help overcome key barriers to encourage people to buy EVs in Australia and enhance their ownership experience.

In a phone conversation with a key person at the Tattered Cover here in Denver, CO, he said, «We don't purchase vanity press books — they usually fall apart... not to mention, they are so costly per unit and the return policy is usually not available — it's a clear pass for us.»

(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.)

On the other hand, if your company decides to sell the key person life insurance policy, you may have to pay taxes, depending on the size of the settlement, cash value of the policy, and the amount that's been paid in premiums.

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.

Choices for key person insurance could then range from a simple term life policy to an indexed universal life policy (IUL) to a more traditional whole life policy (cash value life insurance).