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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What a Life Insurance Company Owes Its Clients

What a Life Insurance Company Owes Its Clients

A life insurance company owes its clients certain things. Selling a policy is much like offering a promise and it’s one companies do not take lightly. Insurance companies are responsible for developing successful products, marketing them ethically, following underwriting procedures and, if need be, paying proper compensation. First and foremost, product development is the most essential element a life insurance company can offer its clients. Their primary goal should be to provide quality, cost-effective policies…

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