Sentences with phrase «loss of a key person»

The goal for key person insurance is NOT to facilitate a buyout but rather to compensate the business for the loss of that key person.

Term life insurance is the cheapest and simplest option and only provides the business with simple death benefit protection against the loss of a key person.

As discussed above, key person insurance insures the company against the loss of key people.

Key person insurance provides the owner (s) money to help replace the loss of a key person.

If your business would be threatened by the loss of a key person, you should seriously consider one or more of the key man insurance options.

Businesses can avoid many possible negative financial consequences from the loss of key people by using life insurance.

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 man life insurance is necessary even if your business plans to shut its doors after the loss of a key person; the money can be used to take care of closing costs, investor payoffs, and severance pay for employees.

Key man life insurance can give you peace of mind that your business is protected in the event of the loss of a key person.

This is because the loss of a key person could affect a company financially.

Sometimes a business may have an employee that is so good at their job that the loss of this key person could be quite costly.

The goal for key person insurance is NOT to facilitate a buyout but rather to compensate the business for the loss of that key person.

Term life insurance is the cheapest and simplest option and only provides the business with simple death benefit protection against the loss of a key person.

As discussed above, key person insurance insures the company against the loss of key people.

Your business and your family can be protected in case of the loss of a key person which can cause financial losses.

The loss of this key person can affect sales, productivity, and overall morale.

The amount of risk is determined by calculating the costs that will typically be incurred by the loss of the key person.

Other key benefits that make term insurance the perfect solution for the loss of a key person include:

The risk is determined by calculating the costs that are likely to be incurred by the loss of the key person.