Sentences with phrase «where key person insurance»

Not exact matches

Republicans want to roll back Obamacare, which established key benefits that almost all individual insurance plans must offer and set up an online market where more than 10 million people buy their insurance.

A key person insurance policy designed to insure the company against the loss of a valuable employee is another situation where a business entity may be the designated beneficiary of the life insurance policy.

Life insurance protection is also important if you are a business owner or a key person in someone else's business, where your death (or your partner's death) could prevent the business from continuing its operation.

Key Person Life Insurance — Where a company buys a life insurance policy on key or vital employees integral to the maintenance and survival of the busineKey Person Life Insurance — Where a company buys a life insurance policy on key or vital employees integral to the maintenance and survival of the Insurance — Where a company buys a life insurance policy on key or vital employees integral to the maintenance and survival of the insurance policy on key or vital employees integral to the maintenance and survival of the businekey or vital employees integral to the maintenance and survival of the business.

Typically designed so that the surviving business partner would have the money to purchase the company interests, life insurance for businesses can also be structured as «key person insurance,» where if a key employee dies the business owner will receive a benefit to help offset the financial impact of losing the key employee.

They are useful in situations where term insurance can not be purchased due to the age of the key person or when coverage needs to be extended over a person's lifetime.

Furthermore, key man insurance and other employer - owned life insurance is specifically covered under Section 1.264 - 1 (a) and states the premiums paid for life insurance on the life of any officer, employee, or person financially interested in a business carried on by the taxpayer are not deductible where the taxpayer is directly or indirectly a beneficiary of the policy.

A few areas where coverage can really help a business is key person insurance, or to help cover Small Business Association or business loans.

This is a great option for key person life insurance, where the original key employee leaves the company.

Keyperson is a term insurance policy where the sum assured is linked to the profitability of the company rather than the key person's own income.