Key Man Insurance

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Key Man Insurance

A life insurance policy that a company purchases on one or more of its most important employees. The company pays the premiums and is the beneficiary. If the employee dies unexpectedly the company receives the benefit to offset the financial loss from the employee's demise. Partnerships often have key man insurance on each of the partners, while publicly-traded companies carry policies for major executives and managers. Companies use key man benefits to buy back stock in the company from the decedent's estate. It is also common to use the benefit to offset lost production or to pay a headhunter to find a replacement employee.

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conditional commitment			Byline: Roy Gaunt, Special to Gulf News I read a recent article on Partnership Insurance and a colleague mentioned to me that I should be considering Key Man Insurance in relation to my business. Key man insurance: Covering key figures in the firm by Gulf News (United Arab Emirates) [ILLUSTRATION OMITTED] As the name suggests, key man insurance covers the company in case of an unexpected death or disability of a key employee that would seriously hurt the company's cash flow. Key coverage: insurance choices now can save your business later by Whitesides, Hilary Ingoldsby / Utah Business A YOU could consider Key Man insurance, a life assurance policy which would compensate your business for profits lost from the death of either partner. Dear Tricia; Need some financial advice? Your Money editor Tricia ... by The Mirror (London, England)			Kazakhistani Tenge Kazakhstani Tenge KCBT KDD Corp KE Keepwell Agreement Keidanren Keika Rishi Keiretsu Keiryou Bunseki Keizai Doyukai Kelo Keltner Channel Ken Lay Kengen Kenopenz Kenri Koushi Kenri Koushi Kakaku Kenyan Shilling Keogh Plan Kerberos KES Key Employee Key Industry Key Man Key Man Insurance Key Performance Indicators key tenant Keynesian Economics KG KGS KH Khaleeji Kharub Khokha Khoum KHR Khun KI KIBOR Kichou kickback Kicker Kickers Kicking the Tires Kiddie Tax Kidnap-Ransom Insurance Kigyou Touji Kijikamono Kijikasai Kill			Key Largo Trailer Village Key Largo Wastewater Treatment District Key Largo, FL Key Largo, FL Key Largo, Florda Key Largo, Florda Key Leader Engagement Key Leadership Position Key Learning Area Key Learning Area Committee Key Legacy Function Key length key lesion Key light key lights key lime Key lime pie Key Limes Key Lines of Enquiry Key Lines of Regulatory Assessment Key Loading and Initialization Facility Management Station Key logger Key Logistics Corporation Key Logistics Optimization Key Long Term Goals key man key man key man Key Man Insurance Key management Key management Key Management Application Service Element Key Management Center Key Management Device Key Management Facility Key Management Identification Key Management Infrastructure Key Management Message Key Management Personnel Key Management Personnel List Key Management Plan Key Management Practices Statements Key management protocol Key management protocol Key Management Protocol Data Unit Key Management Service Key Management Services Subgroup Key Management Software Support Key Management System Key Management System Agent Key Management System Refill Key Management User Agent Key Masking with Localized Operations Key Material Identification Number Key Material Identifier

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