Inicio >  Blossary: Finance Investment  >  Term: Key Man Life Insurance
Key Man Life Insurance

Life insurance on the life of a key executive that is payable to the company. Companies buy key man life insurance in order to minimize the possible disruption that would be caused to a business on the death of a key employee. The insurance proceeds are typically used to help attract new executives, to redeem either the stock of investors or the deceased, or for other corporate purposes.

0 0

Finance & Investment

Categoría: Business

Cantidad total de términos: 319

Creador

  • kirb
  •  (Bronze) 304 puntos
  • 100% positive feedback
© 2024 CSOFT International, Ltd.