Sentences with phrase «securing key man insurance policies»

In most cases, the cost associated with securing key man insurance policies is very small relative to the potential benefit if a key worker dies or is disabled.

Not exact matches

The cost associated with securing a policy for key man insurance is very small relative to the costs and damage without it & the potential benefits a company receives if a key employee dies or is disabled.

Because securing the future of your organization is so important, a lot of insurance companies offer «key man» insurance policies, which are specifically designed to protect the financial future of your organization.

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

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.