You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by...
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Life insurance for key people in your business Updated 03 December 2020 How would your business cope if you or a crucial staff member were out of action? The serious illness or death of a key player can severely disrupt your activities. A smart director plans for the worst to ensure that the loss of one person – whether temporarily or permanently – doesn’t result in the loss of the business. There are various forms of business life insurance that can help you prevent a crisis. Why does a business need life insurance? Business life insurance can protect a business against a loss of profits resulting from a key person dying or becoming incapacitated. For instance, it may...
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Business Life Insurance can help both your business and your employees’ family, providing financial security and peace of mind. Depending on the type of Business Life Insurance policy you take out, you can protect the financial risks to the Business but also to the families of shareholders and employees. You may be able to cover debt, loss of earnings, or provide death in service benefits. This type of cover has often been referred to as Business Assurance, however, assurance policies usually only apply to some personal protection policies, such as Whole of Life cover. Taking out Business Life Insurance can have benefits for both the business and its employees. In this section, we’ll...
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Types of life insurance for small business owners From general liability to personal property coverage, insurance is there to help your business recover financially from a serious claim. But what about life insurance? Unfortunately, life insurance is a type of coverage that small business owners may overlook or don't think they need. You've worked hard to grow your business and to provide for the people you love, so don't risk it all by not having the right life insurance in place. Read on to learn about the different types of life insurance for small business owners. Key person life insurance Key person life insurance (also known as key man, key woman, or business life insurance) is meant...
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Luxembourg-based Lombard International Assurance is a wealth and succession planning solutions for high net worth individuals, families and institutions and is a European leader in the services it provides. This week, the firm announced that it will be joining forced with Accenture to launch a pan-European analysis of unit-linked life insurance, which is also known as wealth assurance. Providing portability, flexibility, asset diversification and protection, Wealth assurance solutions are progressively being used by wealth and succession planning professionals across Europe. The review is described to be “the first of its kind”, wealth management professionals such as independent wealth and...
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Lombard International Assurance, the European in wealth and succession planning solutions for high net worth individuals, families and institutions, has today launched a pan-European analysis of unit-linked life insurance, also known as wealth assurance, in partnership with Accenture. Wealth assurance solutions are increasingly being used by wealth and succession planning professionals across Europe due to their unique set of benefits which include flexibility, portability, asset diversification and protection. Lombard International Assurance is inviting wealth management professionals to contribute anonymously to this review. These include private bankers, independent wealth and financial...
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Published on, mardi 17 décembre 2019 News Alternative Investments and Life Assurance Louvre frequently recommends polices issued by Luxembourg based life assurance companies. There are three compelling reasons for this. First, stability and expertise. Luxembourg is very stable politically and socially, has a triple A rating plus a well-developed financial services industry with a dedicated insurance regulator. Second, asset security. The Luxembourg policy holder protection regime is one of the strongest globally in case of winding-up of the life assurance company. It is commonly referred to as the “triangle of security” because the life assurance company must deposit all client assets with...
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