Life Insurance Plays a Role in the Business World

Life Insurance Plays a Role in the Business World

Life insurance plays a role in the business world which you may not have recognized before. Various life insurance products are utilized by companies. In McGill’s Life Insurance agents, and other insurance specialists, learn the versatility of life insurance as a tool for securitizing revenue not only for private families but also for the corporate family. These important purposes include: -Key person indemnification -Credit enhancement -Business continuation -Employee benefit plan Key Person Indemnification Key person…

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How Do I Pick a Life Insurance Company?

How Do I Pick a Life Insurance Company?

Roughly 1,000 life insurance companies sell life insurance in the U.S., but many are members of groups of companies and so aren’t really competitors with each other. Having separate companies enables a group to offer its products through separate distribution channels, to more efficiently meet the regulatory requirements of particular states, or to achieve other organizational goals. There are an estimated three hundred company groups. Moreover, not every group has a company licensed to operate…

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