Key Person Insurance

Understanding Key Person Insurance Oh, the ins and outs of key person insurance can seem like quite the tangled web, folks, but don’t fret! Let’s break it down, piece by piece. Imagine this, your business is a well-oiled machine, and your key employees are the cogs that keep that engine purring. Suddenly, one of those …

Introduction to Key Person Insurance Well, let’s start off with the basics. Key person insurance, or as some folks call it, ‘key man’ insurance, is a type of life insurance that businesses grab onto, a lifeline of sorts, that safeguards them from the financial hardships that might come a-knocking if a critical employee kicks the …

Effect of insurance coverage on taxes Yowza! The tax implications and effects of insurance coverage can throw anyone for a loop. So, strap in folks, we’re diving deep into the nitty-gritty on the effect of insurance coverage on taxes. First off, you’ve got your run-of-the-mill type of insurance like life insurance and disability insurance, right? …