Sentences with phrase «of a key person»

You can learn a lot about prayer, both how to pray and how not to pray, by studying the prayers of key people in Scripture.

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

Business continuation is difficult enough under normal circumstances, but if it takes place following the unexpected death of a key person or owner, the complications can increase exponentially.

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

10 - year level term life insurance is the most common type of key person insurance, as these policies are generally the least expensive on the market.

There's a ton of other helpful resources as well, including guidelines for evaluating your potential sites, a list of key people to review your plan, and sample financial sheets.

Depending upon the expertise of the key person, it may be very difficult to find a capable replacement quickly.

What type of key person life insurance should you choose?

Three key plans that are often used by business owners include buy / sell agreements, cross purchase plans, and the purchase of key person life insurance.

This can be a key business planning advantage for small business owners as part of a key person retention plan or family business planning strategy.

I didn't do a special rain dance or anything to get my book in front of key people.

If your company is the sole owner and beneficiary of a key person life insurance policy, there are no tax implications for the insured employee.

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

There are several valuation methods commonly used to determine the proper amount of key person insurance needed.

In the initial business plan, one can include the portfolio or the resume of the key person as well.

One of the most important uses of key person life insurance is when there's a need to buy out a deceased co-owner's interest in a company.

The health of the key person is the most critical factor in determining the price of a key man life insurance policy.

He becomes «competent» in certain areas and, though he doesn't mention this much, leverages the opinion of key people he knows in each area.

To gain said cooperation, instead of going after 20 to 25 laptops, an agreement can be made to limit the initial imaging to four or five computers of key people.

Well, you might be surprised if you've never heard of key person insurance (sometimes called key man insurance).

These policies have many attractive features and benefits, including cash value potential and guaranteed life insurance for the lifetime of the key person.

The policy term is for the specified time period or until the person being insured is no longer with the company in the capacity of a key person.

They are useful in situations where term insurance can not be purchased due to the age of the key person or when coverage needs to be extended over a person's lifetime.

In some cases, more than one person will be needed to cover the responsibilities of the key person.

But does your company need this kind of key person life insurance policy?

The replacement cost of a key person is determined by the salary and other ongoing expenses required in hiring, training and completely replacing the key employee or executive.

These types of life insurance plans can also provide additional benefit — and that is for the family and other personal survivors of the key person.

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

For most businesses, 5 - 10 years of the key person's compensation will be sufficient and affordable.

The data is there, you can demonstrate the benefits objectively, but then you've got to have the support of key people to make it ongoing.

In your 14 years in the comic industry, you've become one of the key people in taking the comics medium into the digital world.

At the death of the key person, your business (the policy beneficiary) will file a claim with the insurance company to receive the death benefit.

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.

The amount of the policy is usually paid directly to your business so it can be used to cover the financial losses incurred by the death or disability of a key person.

We understand that the purchase of key person life insurance can entail a number of different variables, and there are several different ways in which these plans can be set up.

If your company is the sole owner and beneficiary of a key person life insurance policy, there are no tax implications for the insured employee.

Therefore, the loss of even one of these key people due to a sudden death can disable the entire business.

Consider the benefits of key person disability income insurance for a business.

There are several valuation methods commonly used to determine the proper amount of key person insurance needed from both the business and insurance companies perspective.

The type of key person insurance your company needs will depend on the specific reasons for buying the insurance.

With key man insurance, the company buys a life or disability policy on the life of the key person.

This feature seems to be inspired by Paranoid Android, and that should be no surprise, given that many of the key people behind PA are now contributing to Oxygen OS.

The Top 100 Movers and Shakers» List represents the views of a number of key people in the industry about the personalities who lead the corporate online learning world.

Of course, most of the key people who worked on the AB InBev account for DDB are no longer at the agency.

«DevCore London 2015 was the perfect way for us to not only get insight into the current issues in Bitcoin development but also to meet many of the key people involved.

Most of the key people who worked on the AB InBev account for DDB are no longer at the agency.

The Top 100 Movers and Shakers» List represents the views of a number of key people about the personalities who lead the corporate online learning world.

«Eliot has surrounded himself with a lot of key people who are experts in their field,» Maundrell said.