Business Life Insurance Archives

Business Life Insurance

Best Life Insurance For Doctors And Medical Professionals

Life insurance protects yourself and those you love. No one knows better about protecting and serving those around you than doctors and medical professionals. In the medical field, doctors, nurses, and others go through large swings of debt to financial success. This alone is a good reason for any medical professional to consider life insurance.…

Best Life Insurance For Entrepreneurs, What You Need

Being an entrepreneur is special. The business ends up being your baby but depending on where you are in life you may have real babies and a family also. That’s why regardless of your current state life insurance is an important thing for all entrepreneurs to consider. The type of life insurance you look at…

Life Insurance For Loans, Getting Coverage for Approval

One of the biggest perks of having a life insurance policy is that you can borrow a loan against it. On the downside, you are only able to borrow against your life insurance policy if it is permanent. This is because permanent life insurance policies have a cash value component which is also the savings…

What is Buy-sell Agreement Life Insurance and How to Get It

Businesses often need to find different ways to protect themselves, and sometimes, that something that can help is life insurance. Let’s dive into what a buy-sell agreement is and how to get one. What is a buy-sell agreement life insurance? A buy-sell agreement life insurance is a legally binding agreement between business owners which requires…

What Requirements do Life Insurance Companies Have?

All life insurance companies have requirements, which are usually similar. Below is a further explanation of these requirements. Insurable Interest and Insurable Person Simply put, an insurable interest exists in life insurance if a person gets any type of benefit, including the financial benefit from the continued existence of the insured individual. This means that…

Business Uses for Life Insurance, When and Why You May Need It

Businesses, just like individuals, need life insurance. Most business owners don’t know how vital life insurance is or how they can use it to the benefit of their businesses, and that is why they don’t set up insurance plans. A business is a huge risk, especially if you have spent your life savings to start…

Life Insurance for Executives and Business Professionals

Growing and nurturing a startup into a big business can take months, if not years. Also, a business that took years to build can end in a blink of an eye. Any executive with a handful of experience is a gem to a company, and especially if they are responsible for most of the success…

Business Life Insurance Guide for Getting Coverage

Businesses, just like humans, need protection from uncertainties that might come into being along the way. For that reason, life insurance is not all about protecting humans. Instead, these types of policies go a long way in ensuring the smooth running of businesses amidst uncertainties. Business life insurance is a protective layer designed to protect…

Collateral Assignment Life Insurance Guide

Before delving further into finer details about collateral assignment, you need to understand what it is. What is a collateral assignment? This is a conditional assignment where a borrower allows their lender to receive proceeds from his/her insurance policy as a means of repaying a loan. When you borrow a loan from a bank or…