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What is commercial life insurance?

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There are many reasons to use life insurance in a business situation. Say you have two people in a partnership and you agree that if one person dies the other will buy out the family of the deceased. Where will you get the money to buy out the family. Life insurance is often the funding source for many such agreements. This example is called a Buy-Sell Agreement. These are funded by life insurance on each partner in a set amount per their agreement. It serves both parties as the survivor gets the business and isn't all of a sudden without a partner and stuck with inexperienced family members who own half the business. The family of the deceased are paid in full by the insurance proceeds without having to negotiate a price for a business at a bad time. Another type of business life insurance is "Key Man Insurance" where a business would suffer financially if an important employee died. The life insurance would pay the business and give them money to overcome the loss as well as to recruit and train a new employee for the important position. There are many other type of business life insurance. For full disclosure, I own and operate a small Independent Insurance Agency in Georgia and have for the past 22 years. I also worked for a direct writer for the 3 years before that.
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What is commercial insurance?

Commercial insurance helps protect your business from its own  exposures. Exposures are risks that your business generates during  the course of its operations.    Pr
Who can get life insurance on you?

Who can get life insurance on you?

Anyone with an insurable interest can get life insurance on you. This includes family members, a bank, your company. They cannot do so, however, without your permission.
Who can you insure for life insurance?

Who can you insure for life insurance?

  Who can you insure for life insurance?     can you obtain a life insurance policy on some one other than your spouse or child?     Yes. You can obtain

How do you get life insurance?

Call any reputable company. State Farm, All State, Prudential, and such. Please stay away from the staggeringly good offers that you'll hear of on the net and on TV.

What is Life insurance and general insurance?

Life insurance, as the name suggests, is insurance on human lives. Life insurance policies are considered to be "valued policies" because they are purchased in finite amounts,

Diffenance in commercial and non commercial insurance?

  Answer   Commercial Insurance is for a business. (general liability, worker's comp, etc.) The term "non-commercial" insurance isn't generally used. There is commerc

Where do you get life insurance from?

You can check your local phone book or online to find an agent and  get quotes. Independent brokers are best as they represent a  multitude of companies and can literally sh

What is life insurance?

With a wide range of life insurance policies available in the  market today, it is important to know how to select the best  option. With rising awareness about financial pr

No life insurance?

Life insurance is a necessity. It is cheap, especially if you are  young and healthy. Even if you are older or suffer from health  impairments, you can find life insurance c

What is a life insurance?

insurance that pays out a sum of money either on the death of the  insured person or after a set period. But find out best and  affordable insurance agency is tough. Further

How is life insurance insured or guarenteed?

Life insurance companies may insure or guaranty your life insurance  policy in one of two ways. First, a life insurance company may buy  reinsurance to re-insure the losses

Do you have to have life insurance?

Answer 1   Yes i have life insurance that can pay well to my family after my  death. At least, they will not depend on some one else. If i will  alive that time i would

Where can I get life insurance?

There are many life insurance policies available in the market which offers you impressive features at reasonable premium. I would suggest you to get quotes from various life