Checklist of Issues to Review for Key Man Life Insurance

$10.00
This is a checklist of key issues for a business to review in analyzing the terms and conditions of a Key Man Life Insurance policy.

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CHECKLIST OF ISSUES TO REVIEW FOR
KEY-MAN LIFE INSURANCE

  1. Is the dollar amount of the coverage sufficient?

  2. Is the insurer financially strong?

  3. Are the premium payments competitive?

  4. Are the premiums fixed for the life of the policy?

  5. Is there a cash build up feature?

  6. If there is a cash build up feature, how does it work?

  7. Can you borrow against the policy? At what terms?

  8. Are the proceeds payable to the company or to a surviving spouse?

  9. What are the circumstances...

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