Key Man Insurance (Can you afford to lose...)

Key Man Insurance
Can you afford to lose your most valuable person?

 

To obtain the best coverage when purchasing a key person insurance policy, you should be mindful of common errors and misconceptions. The following details these common mistakes. Review these points carefully in order to select the ideal key man insurance policy for your company.

1. Not Considering Key Man Disability Insurance
2. Not Understanding the Financial Justification Requirements
3. Underestimating Time Needed to Obtain a Policy
4. The Beneficiary Should Not be a Bank, Investor or Lending Institution
5. Withholding Important Health and Lifestyle Details
6. Key Person Insurance Premiums are Not Tax Deductible
7. Not Selecting a Knowledgable Insurance Agent
 
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