Do You Know How Key Person Insurance Works?

Do You Know How Key Person Insurance Works?

Find out all you need to know by calling G. Douglas Wealth Management

With more than three decades of experience helping Toms River residents plan for retirement and find the best rates on insurance, the consultant at G. Douglas Wealth Management has the knowledge to help you assess your needs for key person insurance.

Also called key man insurance, this policy covers important members of the corporation and designates the business as payer and beneficiary. Executives, key employees and other members are crucial to the organization and without them, the business would fail.

In the event of their death, a key person insurance policy pays the business so it can remain operational until a replacement is found. If debts are owed, the money can help the company avoid immediate bankruptcy.

Learn all the benefits and pitfalls of a key person insurance policy by relying on G. Douglas Wealth Management. Call our Toms River office today at 732-288-1184 to begin your journey toward fiscal security.

Disclosure

All content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions. Nor is it intended to be a projection of current or future performance or indication or future results.

Opinions expressed herein are solely those of G. Douglas Wealth Management and our editorial staff. The information contained in this material has been derived from sources believed to be reliable but is not guaranteed as to accuracy and completeness and does not purport to be a complete analysis of the materials discussed. All information and ideas should be discussed in detail with your individual adviser prior to implementation.

Advisory services are offered by G. Douglas Wealth Management an Investment Advisor in the State of New Jersey. Being registered as an investment adviser does not imply a certain level of skill or training.