A Professional Key Employee Valuation Method for Business Life Insurance Purposes
The figure above presents a key employee valuation worksheet that incorporates the principal elements of a complete and systematic method … Read more
How to Estimate the Insurance Need
Basic Principles of Valuing Key Employees for Business Life Insurance Purposes
A conceptually sound approach to key employee valuation should measure the financial loss based on what the employee would have … Read more
Common Methods of Valuing Key Employees for Business Life Insurance Purposes
Various ad hoc rules of thumb and approaches have been used to estimate the value of a key employee. These … Read more
Life Insurance Needs of a Business
Life insurance is used in business applications to insure key employees, fund buy-sell agreements, and in various compensation arrangements, such … Read more
The Needs Analysis Approach to Determining How Much Life Insurance to Buy
In contrast with the income replacement approach, which is founded on the premise that the insurance need should be based … Read more
How Life Insurance Agents Should Determine Family Needs and Income Replacement
The chart above presents a worksheet that summarizes the nine basic steps in using the income replacement approach to determine … Read more
Methods Life Insurance Agents Use to Determine Family Needs and Income Replacement
Any method of determining a family’s insurance needs will be an estimate. Future circumstances will change in unexpected ways and … Read more
The 3 Primary Needs For Life Insurance
Financial planning professionals apply diversified techniques to determine the life insurance needs of a family. Life insurance planning involves essentially … Read more