In every Organization there are a Few Key Persons who Run the Show.They are the Pillars of the company.
Any unfortunate event such as a Sudden Death of a Key Personnel may result in Temporary set back to the company.Every Organization requires Protection against Financial Loss such as liability, Recruitment Cost, Training Cost etc., if such event takes place.
Key man insurance is also known as Business Continuity Plan
Keyman Insurance is a Key to securing companies future. Please get in touch with us in case you are interested to secure your company against any unforeseen events.
In every Organization there are a Few Key Persons who Run the Show.They are the Pillars of the company.
Any unfortunate event such as a Sudden Death of a Key Personnel may result in Temporary set back to the company.Every Organization requires Protection against Financial Loss such as liability, Recruitment Cost, Training Cost etc., if such event takes place.
Key man insurance is also known as Business Continuity Plan
Keyman Insurance is a Key to securing companies future. Please get in touch with us in case you are interested to secure your company against any unforeseen events.
Granting of loans on life insurance policies, with some companies examples like LIC policies, Birla Sun Life insurance policy.
Also it includes pros and cons of taking loans against life insurance policies and on what type of policies people can take loans.
Life Insurance Basics provides an overview of most of the types of life insurance products available today and reviews the basics of policies, contracts, beneficiaries and how to buy life insurance. Part of the continuing series of presentations in the Financial Services Industry Training. Contact us if you need training developed for your organization.
Granting of loans on life insurance policies, with some companies examples like LIC policies, Birla Sun Life insurance policy.
Also it includes pros and cons of taking loans against life insurance policies and on what type of policies people can take loans.
Life Insurance Basics provides an overview of most of the types of life insurance products available today and reviews the basics of policies, contracts, beneficiaries and how to buy life insurance. Part of the continuing series of presentations in the Financial Services Industry Training. Contact us if you need training developed for your organization.
Businesses are driven by Leaders who are the back bone of it. Sometimes a leader is lost into the harsh reality of the world. Keyman insurance is here to bridge the gap.
Encouraging Sustainability: Use of LEED to Enhance Focus on SustainabilityDaniel Haddock
Describes the implementation of an initiative at American Water to obtain LEED certification for four new water treatment facilities in Indiana & Illinois. Discussion of the wider benefits of the initiative in terms of introducing concepts of sustainability to employees across the utility organization.
Optimizing press release headlines is the single most important search engine optimization (SEO) technique that can be applied by public relations and other communications professionals.
A New International film trilogy about the Entire life of Jesus Christ, even his youth.
These are films for theatrical release, and have and enjoy over 30 profit centers, including Music CDs, Books, Video Albums, Novels, toys, DVDs, etc.
These are films for the 21st century. Unlike any Jesus films made before, and unlike any film ever made...They have cosmic, galactic, ancient and future based aspects. Time and Space are malleable wavelengths of energy ... Consciousness is the medium.
Enjoy one of the most stimulating reads, and a full decription on how and why it will be the next 'Lord of the R...s'
Warmly,
executives@mystictraveler.biz
Alternative Spring Break Haiti opportunities to spend a week in Haiti while participating in socially responsible projects with other students while still having a little fun on the side.
alternativespringbreakhaiti@gmail.com
The most precious asset of any business is its executive team. Part of the struggle that closely held (and public) companies face is their ability to attract and retain key employees. An executive bonus plan may be an effective strategy to hire away from your competition and keep your top people with your firm.
Zurich Vista - Plan for your future todaySofia Watson
Zurich Vista is a product of Zurich International Life, Vista is a regular savings life insurance policy that provides you with flexibility and access to a wide choice of investment linked policy sub-funds (ILP sub-funds). Subject to terms and conditions, you can stop, restart, increase or decrease premium payments to reflect your personal and professional circumstances at any time.
The Essential Handbook For Raising Capital Part II: How To Approach An InvestorSankalp Forum
Now that you are armed with the all the salient details about your business that investors look for, you are ready to meet investors. This presentation presents as 4-step process on how to do so, explains impact investment for socially relevant businesses, and assessment in the pre due-diligence stage. It delves into how investors analyze your business model, market research, financial attractiveness and scalability.
Presented by leading social advisory firm Intellecap, this slide deck was prepared for Sankalp Forum. The Forum is an enabler of socially oriented early-stage businesses, and catalyzes investments, mentors and international networks to do so.
Read more about Sankalp at www.sankalpforum.com
General Liability, Umbrella/Excess Coverage, Commercial Auto/Workers’ Compens...Financial Poise
As a business owner, there are a plethora of choices when it comes to insurance. This webinar touches upon all you need to know about General Liability, Umbrella/Excess Coverage, Commercial Auto Insurance, and Workers’ Compensation insurance.
General liability coverage protects the business from third party suits for Property and Bodily Injury claims. The panelists also look at potential product liability or intellectual property exposure that is not covered. Most business owners understand that a commercial umbrella is a must, but how do you determine how much is the right amount? The panelists will also examine why Hired/Non-Owned is important when it comes to Commercial Auto coverage. The panelists will also touch upon best practices for managing employees who drive for your business with their own cars.
The panelists will also cover Workers’ Compensation insurance. Topics discussed include managing the costs of the insurance itself as well as the proper management of workers compensation claims. Other topics discussed include codes and classification errors, how to get money back from the insurer, as well as best practices for Independent Contractors.
Part of the webinar series: INSURANCE FOR THE BUSINESS OWNER - 101 2022
See more at https://www.financialpoise.com/webinars/
This White Paper is provided by PRI (Jason Roberts) and Guardian. In the eight (8) pages it discusses:]
1. How to leverage Service Providers
2. Identify 401(k) Opportunities
3. Myths vs. Realities
4. Determining Your Role
2. Business Risk Management
Property damage
Loss or damage to inventory
Liabilities from customers
Business interruption
Disability of an owner or key employee
Death of an owner or key employee
IFS-A113742 Ed.06/06 Exp. 08/08 For Internal Use Only. Not for Use with the Public. 2
3. Potential Losses to the Business …
Relationship damage
Time lost locating, hiring and training a replacement
Replacement costs
Employees doing “double duty”
Projects put on hold
Additional problems
IFS-A113742 Ed.06/06 Exp. 08/08 For Internal Use Only. Not for Use with the Public. 3
4. What is Key Person Life Insurance?
Insurance purchased by the business to indemnify the
business from the losses associated with the death of a
key employee.
The business is the owner, premium payer and policy
beneficiary
The policy can be placed on a
– Business owner
– Nonowner key employee
IFS-A113742 Ed.06/06 Exp. 08/08 For Internal Use Only. Not for Use with the Public. 4
5. Valuing a Key Employee …
Apply a multiple of salary
Capitalize (at a discount rate) the company’s earnings
traceable to that employee
Estimate the reduction in the going concern value of the
business due to the loss of that employee
Estimate the replacement costs
IFS-A113742 Ed.06/06 Exp. 08/08 For Internal Use Only. Not for Use with the Public. 5
6. Valuing a Key Employee …
Some underwriting tips:
– A cover letter
– Include a business biography of the company and its
competitive position in its industry
– Include a business biography of the key executive
– Be sure to include total compensation and supporting data
– Multiple needs for insurance coverage
– Include other valuation methods
IFS-A113742 Ed.06/06 Exp. 08/08 For Internal Use Only. Not for Use with the Public. 6
7. Valuing a Key Employee …
Tips for avoiding underwriting delays
– When in doubt, solicit the help of the company’s financial
professionals
– Third-party verification required by Prudential in business cases
where the face amount requested exceeds $10 million
IFS-A113742 Ed.06/06 Exp. 08/08 For Internal Use Only. Not for Use with the Public. 7
8. Term vs. Permanent Coverage
Term Insurance
– Pro: Insurance is less expensive and can be converted to
permanent coverage in the future
– Con: Costs escalate at older ages
Permanent Insurance
– Pro: Cash value is an asset of the business
– Con: More expensive, or is it?
IFS-A113742 Ed.06/06 Exp. 08/08 For Internal Use Only. Not for Use with the Public. 8
9. Permanent Coverage …
Cash value policies can do double duty
– Cash value offsets premium expense
– Cash value can be accessed for cash-flow needs
– Funding for nonqualified retirement benefits
– Provide life insurance through endorsement split dollar
– Funding for buy-sell agreement
Options for business at retirement of key executive
– Bonus the policy
– Sell the policy
– Retain the policy
IFS-A113742 Ed.06/06 Exp. 08/08 For Internal Use Only. Not for Use with the Public. 9
10. Overview: Key Person Life Insurance
Adopts Plan
Business Key Executive
Access to Cash Value
Pays or, at Executive’s
Premiums Death, Death Benefit
Life Insurance
IFS-A113742 Ed.06/06 Exp. 08/08 For Internal Use Only. Not for Use with the Public. 10
11. Need more information?
– Click the ATTACHMENTS tab for more material on this topic
– Click the Q&A tab to email Advanced Marketing
Need to discuss this topic with Advanced Marketing?
– Brokerage Reps – call 800-286-7745 & ask for Advanced Marketing
– Prudential Agents & Staff – call 888-743-1111, option 1
Thank You for Joining Us!
IFS-A113742 Ed.06/06 Exp. 08/08 For Internal Use Only. Not for Use with the Public. 11
