Metaglossary.com - Definitions for "{term}"

Keywords: reimburse, surviving, key, employee, partner

Life insurance purchased by a company or investor on the life of a key executive....

Life insurance coverage designed to meet the needs of business owners, small businesses and professional practices.

Life insurance purchased by a business enterprise on the life of a member of the firm. It is often bought by partnerships to protect the surviving partners against loss caused by the death of a partner, or by a corporation to reimburse it for loss caused by the death of a key employee.

dsayles.com

same as key person insurance

199.96.2.123

See Key Man Life Insurance.

conning.com

A life insurance policy that is purchased for business rather than personal use. Examples would be life insurance purchased by a business organization on the life a key employee or life insurance owned by one business partner on the life of another.

low-cost-term-life-insurance-quotes.com

See key person insurance.

blundellmalabar.com

Insurance purchased by a business on the life of a member of the firm. This insurance protects surviving business partners against loss caused by the death of a partner and reimburses corporations for loss caused by the death of a key employee.

fidelitylifeassociation.com

Life insurance purchased for business purposes rather than for personal use. Examples are insurance owned by a business on the life of a key employee, and insurance owned by a business partner on the life of another partner.

quoteconnect.com

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