Without the right business life insurance or buy /
sell life insurance policy in place, the partnership can remain tricky long after the deceased partner is gone.
Not exact matches
By having a final expense
life insurance policy in place, loved ones are much less likely to have to dip into savings,
sell off other family assets, or worse yet, put these expenses on a high - interest credit card, putting them
in long - term debt at an already difficult time
in their
lives.
TIAA - CREF
sells two types of term
life insurance, which provides a death benefit for as long as the
policy is
in place:
For those who own a business, having a
life insurance policy in place can aid
in continuing the business while a replacement owner is found, or keep the business afloat until it is eventually
sold.
The untimely death of an owner, partner, or key person
in a business when there is no business
life insurance such as a buy /
sell insurance policy or key man
insurance in place can be the beginning of quick end.