Here, too, life insurance (and disability income insurance) plays an important role. Insurance on key employees can protect the business against loss resulting from their disability or premature demise, while ensuring the new owner(s) helps assure loyal employees that their employment (and, more importantly, their salary) is protected. A business overhead expense insurance policy on the owner, for example, can include employee salaries as a listed covered expense.
On a broader level, insurance and annuity products are the basis of the employee benefits that key employees expect in return for their continued loyalty and dedication.
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