In principle, try to purchase
sufficient key man insurance that the impact of losing the insured employee is near - zero.
Not exact matches
(It is
sufficient to recall the works of Ernst Cassirer, Philosophie der symbolischen Formen (3 vols.; Berlin, 1923 - 29) and his Essay on
Man (New Haven: Yale University Press, 1944), and Susanne K. Langer, Philosophy in a New
Key: A Study in the Symbolism of Reason, Rite and Art (Cambridge: Harvard University Press, 1942).
And once again, a
key issue that emerges from the recent serious case reviews is the failure of services to pay
sufficient attention to the
men in the child's life.
At a minimum, the small business owner will need to have a life insurance policy on the
key man in an amount
sufficient to cover the transition period that will be required in order to find a replacement for the departed salesman.
Affordable rates (10 - year level term life insurance, generally the least expensive of the market, is usually
sufficient for a
key man policy)
For most businesses, 5 - 10 years of the
key man's compensation will be
sufficient and affordable.