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Importance of key person insurance
Key person insurance is life and/or disability insurance owned by a business on a key employee. The business pays the premiums and is the beneficiary of the policy. It is considered a risk management strategy, important for small businesses, when the loss of a key person could result in a catastrophic loss for the busi [...]
Key person insurance is life and/or disability insurance owned by a business on a key employee. The business pays the premiums and is the beneficiary of the policy. It is considered a risk management [...]
Do You or Someone You Know Depend on a “Key Person?” — Why Key Person Insurance is So Important
Key person insurance is a life insurance or disability policy owned by a business on a key employee. The business pays the premiums and is the beneficiary of the policy. This type of insurance can give a small business options when a key employee suddenly passes away or becomes disabled.
If you are a part of a sma [...]
Key person insurance is a life insurance or disability policy owned by a business on a key employee. The business pays the premiums and is the beneficiary of the policy. This type of insurance can gi [...]
NOW’S THE TIME TO PLAN YOUR BUSINESS EXIT STRATEGY
Did you know that only 33% of businesses are ever successfully sold, and only 30% of all family businesses survive the transition from one generation to the next?
Considering that typically the business itself represents 50-90% of a typical business owner's net worth, those statistics are staggering.
Turning the [...]
Did you know that only 33% of businesses are ever successfully sold, and only 30% of all family businesses survive the transition from one generation to the next?
Considering that typically the bus [...]
