key employee insurance

• Key employee insurance

• Soon Many Employees Will Be Asking, 'Hey, Boss, Which Long-Term Care Policy Should I Get?' ; Ltc Insurance Will Become a Key New Employee Benefit After the Class Act, Part of Health Reform, Goes Into Effect in January, Industry Leader Predicts

KIRKLAND, Wash., Oct. 26 /PRNewswire/ -- A new employee benefit is coming for millions of American employees: access to affordable long-term care insurance (LTCI). So says Dan Cahn, an industry expert. LTCI provides funds for in-home or nursing-home care in case of longer-lasting illnesses or disabilities not covered by regular health insurance. Cahn is Senior Vice President of Business Development for LTC Financial Partners, LLC (LTCFP), one of the nation's largest long-term care insurance agencies. Why will employers offer this benefit? "Uncle Sam," says Cahn. This coming January 1, 2011, the CLASS Act (Community Living Assistance Services and Supports) goes into effect. It's the part of health reform that provides an employer-administered "public option" for long-term care insurance....

• U.S. Newswire
• October 26, 2010

• Protecting your most Precious Asset: Key employee insurance.

No one is irreplaceable so goes the old saw, but the reality is that some of us are more expensive to replace than others. According to Steve Garavatt...

• Utah Business
• Vol. 16 Nbr. 1, January 2002

• Protecting Key Employees with Life Insurance

One major drawback to term insurance is that it is a pure cost product that does not provide cash value accumulation. Furthermore, if coverage is needed for more than a short period of time, the premium cost will increase over time. That means key person insurance funded by term insurance may eventually become cost prohibitive as the insured gets older. Lastly, if your key employee does experience health problems and becomes uninsurable, you may not be able to buy coverage when you apply for it if your insurer requires an additional physical to renew your term coverage at the end of the term or if you need additional underwriting to increase your company's coverage limits. Many business owners and key executives prefer using permanent life insurance to fund key employee insurance, espec...

• Arab American News, The
• August 05, 2009

• Key Employee Insurance. Smart, Affordable and Necessary.

These two short articles provided offer "food for thought" as to why key employee (person) life insurance, on both the key personnel and the business ...

• Franchising World
• Vol. 33 Nbr. 4, May 2001

• 26 CFR 1.79-4T - Questions and answers relating to the nondiscrimination requirements for group-term life insurance (temporary).

..., applies to taxable years (of the employee receiving insurance coverage) beginning after Dece...

• Code of Federal Regulations - Title 26: Internal Revenue

• Key Employee Insurance Provides Peace of Mind to Many.

At the death of an owner-key employee of a closely held business, there are five separate groups who will be most concerned about the immediate financ...

• Franchising World
• Vol. 33 Nbr. 4, May 2001

• Penny/Ohlmann/Nieman, Inc. Et Al., Plaintiffs-Appellants, v. Miami Valley Pension Corp. Et Al., Defendants-Appellees., 399 F.3d 692 (6th Cir. 2005)

...Employee Stock Ownership Plan, and Penny/Ohlmann/Nieman, In... keeper and the broker of the life insurance policies held as assets for the Defined Benefit Pl...

• Federal Circuits

• Family Matters

Owners of closely held family businesses are no strangers to risk. In many family businesses, uncommon solutions for future growth are the norm. Financial professionals should listen to, but not indulge in, the fears of family-business clients and prospects. Business owners need a plan should the rainmaker retire, become disabled or die. The owner of a professional solo practice needs a plan, too. Use life insurance tools to show how their value can be enhanced and preserved. The individual practitioner's personal and business debt creates risk. Replacing the key rainmaker creates a substantial exposure. Customers can be lost during the transition and employees can leave for a competitor. In such circumstances, key employee life insurance is good business economics.

• Best's Review
• Vol. 110 Nbr. 3, July 2009

• Exploring Employee Commitment in a Service Organization in the Health Care Insurance Industry

This study sought to identify the key predictors of employee commitment in a service organization in the health care insurance industry. The strongest predictors were found to be company satisfaction, the extent to which one's job takes advantages of talents and abilities, and the extent to which the organization emphasizes doing things right the first time. A work environment conducive to a continuous learning culture was also found to be highly associated with employee commitment.

• Organization Development Journal
• Vol. 22 Nbr. 3, October 2004

• New Report Shows 80 Percent of Maryland Small Businesses Eligible for Health Care Tax Credits

BALTIMORE, July 22 /PRNewswire-USNewswire/ -- A new report by Families USA and Small Business Majority titled A Helping Hand for Small Businesses: Health Insurance Tax Credits shows that nearly 80 percent of Maryland small businesses are eligible for premium tax credits in 2010. Nationally, more than 4 million small businesses will be eligible to receive a tax credit for the purchase of employee health insurance in 2010. The tax credit program, a key element of the Patient Protection and Affordable Care Act, targets small employers with up to 25 workers. Small employers who offer coverage can receive a tax credit for up to 35 percent (or 25 percent for nonprofits) of the average cost of a small group plan in their state, starting in the 2010 tax year. To qualify for the tax credits, bus...

• U.S. Newswire
• July 22, 2010