Sentences with phrase «replacement key person»

Keyman insurance provides financial security to the company because the money can be used to tide over short - term earnings fluctuation and even hire a replacement key person.

Not exact matches

Facebook was more valuable to him as a «low - key, offstage networking tool,» a «replacement for end - of - year family newsletters» that allowed him to «passively keep up with people,» he said.

Fortunately, progress continues on developing new therapeutics aimed at removal, repair, replacement, or rendering harmless of all of the key lesions in the neurodegenerative aging processes that erode every aging person's health and functionality and that progress into the clinical diagnosis of PD in an unfortunate few.

Many people are finding that the combination of bioidentical hormone replacement therapy and other strategies to improve overall health, like eating a nutritious diet and exercising more are the key to a healthier and more fulfilling future.

To protect a business in case of the death of a key employee, key person insurance, payable to the company, provides the owners with the financial flexibility needed to either hire a replacement or work out an alternative arrangement.

With key man disability insurance, if the key person becomes totally disabled, the company will receive a monthly cash benefit to offset hiring a replacement.

To protect a business in the event of the death of a key employee, Key Person Insurance, payable to the company provides the owners with the financial flexibility needed to either hire a replacement or replace the financial loss incurred by the businekey employee, Key Person Insurance, payable to the company provides the owners with the financial flexibility needed to either hire a replacement or replace the financial loss incurred by the busineKey Person Insurance, payable to the company provides the owners with the financial flexibility needed to either hire a replacement or replace the financial loss incurred by the business.

Key Person Insurance can provide finances to meet your obligations, including salaries and expenses, as well as the cost of finding a replacement.

This is called «key person insurance,» which provides the owners with the proceeds needed to hire a replacement.

The key person disability insurance policy provides needed income to your company or business to allow you time to find a suitable replacement and train them to replace your key employee long term, or give your key employee the time he or she needs to rehabilitate, so that your company can continue to advance.

It enables the business to meet outstanding obligations at the time of the key person's death and covers the expenses necessary to keep the business running smoothly (as well as any loss of income) while a replacement is sought.

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

The monthly benefit or lump sum benefit amount is determined by a number of factors including the income of the key executive, the replacement costs associated with hiring and training a capable replacement and the key person's contribution to the company's earnings.

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

If something fatal were to happen to this person the business would experience major setbacks, such as loss of key accounts, diminished earnings, and unexpected replacement costs.

Often key sales people or those with specialized skills such as engineers are likely to involve substantial replacement costs and thus warrant key person insurance protection.

If a key employee is disabled, the key person disability insurance will provide the needed cash influx to support your business while you work to find a replacement or give your key employee time to rehabilitate.

Should the business lose one or more key persons because of an unexpected death, the business is likely to endure severe financial challenges until a replacement can be recruited and trained.

The business owner could use some or all of the returned premium as a retirement gift for the loyal key person or as a signing bonus for the retiree's replacement.

Posted in business life insurance, buy / sell life insurance, insurance, life insurance Tagged busiensss life insurance, buy / sell life insurance, ceo life insurance, income replacement, insurance, key person life insurance, life insurance, retirement bonus, stock buy back

The broker could use some or all of this «lump - sum» returned premium as a retirement gift for the loyal key person or as a signing bonus for the retiree's replacement.

Facebook was more valuable to him as a «low - key, offstage networking tool,» a «replacement for end - of - year family newsletters» that allowed him to «passively keep up with people,» he said.