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.
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