Sentences with phrase «premature death of the employee»

At the premature death of the employee, depending on the arrangement, the employer recovers either the premiums paid, cash value or the amount owed in loans.

Not exact matches

Whole life insurance can be used for a variety of purposes, including helping to pay off funeral expenses, mortgages, and other outstanding debts in the event of premature death; helping to pay estate expenses, including estate taxes; retirement funding; providing a valuable employee benefit; and charitable giving.