Sentences with phrase «man business life insurance»

This universal policy features a guaranteed death benefit and can be used toward key man business life insurance.

Not exact matches

The SBA, as well as many banks, often require key man life insurance as part of their lending criteria, since small businesses tend to be particularly dependent upon one or two employees, usually, the co-founders.

Key man life insurance differs from other life insurance policies in that the business is both the owner and the beneficiary of the policy.

Also known as corporate - owned life insurance (COLI), key man life insurance is purchased by a business to insure the life of one of the company's employees.

Key man life insurance helps companies to reduce the risk of business disruption by paying a death benefit if employees that are critical to business operations pass away.

In the worst - case scenario, of your company so dependent on an employee that it could potentially go out of business if they were to die, key man life insurance can also provide an alternative to declaring bankruptcy.

Business owners who are looking at the long game may also benefit from both when considering needs such as key person (key man) life insurance.

If you are the sole proprietor of a small business, or have significant ownership in the partnership or small corporation, you may be interested in key man life insurance.

At a minimum, the small business owner will need to have a life insurance policy on the key man in an amount sufficient to cover the transition period that will be required in order to find a replacement for the departed salesman.

Our primary areas of expertise include term life insurance, universal life and equity indexed universal life, disability income insurance, in - force policy review, insuring tough health issues, business insurance including business succession and key man life and disability insurance, as well as estate planning.

Having a key man life insurance policy protects not only the business but also all the employees and customers who rely on the business.

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

We also help men ages 46 to 50 purchase term life insurance for business insurance, mortgage insurance, or for estate planning purposes, but these are less common.

One of the most often overlooked aspects of the life insurance business concerns the insurance that companies often take out on their own workers, and one of the most important types of coverage is known as key man coverage.

You might be seeking to protect your family as the primary bread winner or trying to fund a buy sell agreement, purchase key man business insurance, or fund an irrevocable life insurance trust.

This is a great way to create a business succession plan with life insurance, such as funding a buy sell agreement, or key man business insurance.

Key man insurance is used by businesses and can be a term policy, a whole life, or a universal.

Representing over 80 of the nation's highest rated and most respected life and disability insurance companies, MEG's primary areas of expertise include term life insurance, universal life, disability income insurance, in - force policy review, insuring tough health issues, business insurance including business succession and key man life and disability insurance, as well as estate planning.

Key Person Insurance Also known as Key Man insurance, Key Woman Insurance, or Business Life IInsurance Also known as Key Man insurance, Key Woman Insurance, or Business Life Iinsurance, Key Woman Insurance, or Business Life IInsurance, or Business Life InsuranceInsurance.

Additionally, MEG specializes in key man insurance, business life and disability insurance and in assisting individuals with serious medical conditions such as diabetes, prostate cancer, sleep apnea and heart disease find competitively priced life insurance.

Regardless of how much insurance is applied for, whether life or disability, or requested by the business, an insurance company will approve a key man policy based on their interpretation of the true risk exposure.

Key man insurance is another form of business use life insurance.

Primary areas of expertise include term life insurance, universal life insurance, in - force policy review, insuring tough health risk, business life insurance including key man insurance, business succession planning, disability income insurance and estate planning.

Unlike a regular life insurance policy, a key man life insurance policy is owned and paid for by the business and the business is normally the beneficiary.

Key man insurance, commonly referred to as key person insurance, is essentially life and / or disability insurance purchased by a business on the life of a key employee or business owner to offset financial losses that would arise from his or her death or extended illness.

MEG's primary areas of expertise include life insurance, life insurance settlements, insuring tough health issues, business insurance including business succession and key man life and disability insurance, as well as estate planning.

For years, companies both large and small have purchased and owned both key man life and key man disability insurance policies on the lives of their strategic people so that business continuity can be maintained in the unforeseen circumstances of a death or disability.

From life insurance policies granted to employees as a fringe benefit to key man coverage to protect the organization against the loss of vital executives, there are many life insurance options available to the business community.

As with all key man life insurance, if the business is making the loan, the proper thing to do is to name your business, not the lender, the primary policy beneficiary.

Key man life insurance helps companies to reduce the risk of business disruption by paying a death benefit if employees that are critical to business operations pass away.

Key man life insurance coverage will give your business the protection that they need if something were to happen to you.

Once called «Key Man Life Insurance», a key person insurance policy is bought by the business on an important employee and payable to theInsurance», a key person insurance policy is bought by the business on an important employee and payable to theinsurance policy is bought by the business on an important employee and payable to the company.

To learn more about key man life insurance, what it is and how it works, as well as understand if your business is aqequately protected, visit keypersoninsurance.com.

If you are a key man in a business life insurance policy, or you need life insurance for estate planning or estate tax purposes, you may be able to qualify for more.

Whatever you decide, make sure that you are purchasing key man life insurance policy coverage that will cover all of the needs of your business, or as much as possible.

In any event, key man life insurance on the business owner can provide much needed stability if there is a sudden and unforeseen death.

Since, 1994, we have helped thousands of business owner's and companies of all shapes and sizes find the most competitive key man life insurance policies.

Also known as Key Man insurance, Key Woman Insurance, or Business Life Iinsurance, Key Woman Insurance, or Business Life IInsurance, or Business Life InsuranceInsurance.

Filed Under: Life Insurance for Businesses Tagged With: business life insurance, buy - sell agreement, key man life insurLife Insurance for Businesses Tagged With: business life insurance, buy - sell agreement, key man life Insurance for Businesses Tagged With: business life insurance, buy - sell agreement, key man life insurlife insurance, buy - sell agreement, key man life insurance, buy - sell agreement, key man life insurlife insuranceinsurance

Key man life insurance is a form of term life insurance used to protect a business in the event that a person who is vital to the business were to pass away.

Key man life insurance can protect a business from financial ruin if a key owner, executive, or employee unexpectedly passes away.

We work with business owners on a daily basis and one of the most common questions asked is, «what is the difference between a regular life insurance policy and a key man insurance policy?»

To secure these much needed funds, lenders, as well as investors, will normally require the business to purchase key man life insurance on their key people.

When filing taxes, every business looks for as many deductions as possible, and looking to deduct your key man life insurance premiums is no exception.

Representing over 80 of the most respected life and disability insurance companies, our primary areas of expertise include term life insurance, universal life and equity indexed universal life, disability income insurance, in - force policy review, key man life, business succession planning, insuring tough health issues and estate planning.

There are a few different types of businesses where key man life insurance is a very good idea.

To secure key man insurance, the business must apply for a life insurance policy on the life of the key person.

Key man life insurance policies are purchased by companies to provide financial security to the business.

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.

With both key man life and disability insurance, the business secures the policy on the life of the key person.