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A Term Life Insurance Policy Can Be a Welcome Perk For an Executive
Jul 27 2010
Posted by admin as Insurance
Executives these days are coming under more scrutiny by shareholders for exorbitant salaries and stock option rewards. However, there is no lessening of demand for the top performers for corporate lead roles. One way to lure the best managers and executives is by offering perks that aren’t being offered by your competitors. One sure enticement is a company paid life insurance policy.
A policy holder of term life insurance is usually the insured person, but it may also be a relative of the insured, a partnership or a corporation. The company need only be concerned with making premium payments for the duration of employment of the executive who is the insured person. Upon leaving the company, payments on the person’s insurance would cease, as would the insurance coverage.
Mishaps caught on camera
We all laugh at the videos sent in to the TV programmes of people suffering misfortunes. The majority of people love to chuckle over someone walking into something, falling into water, or the wedding cake toppling for the stand just as the bride and groom goes to cut it. While they may be funny to us watching, at the time they were disasters for the bride and groom. Wedding cakes cost many hundreds of pounds and of course if the cake falls onto the wedding dress this could be ruined too and it may be a hire dress. This “funny” moment gives everyone a laugh but not only ruins the big day but also could cost a great deal of money for the unlucky pair. However if they have taken out wedding insurance they may have been able to claim for the loss of the cake and the cleaning of the wedding dress, so at least they would not suffer financially.
This above scenario is just one of many that wedding insurance might cover, depending on the package that you take out. When taking out insurance for weddings you need to consider how much you have spent in total for the wedding. This is in case the very worst should happen and the wedding has to be cancelled or postponed. Why might this happen, well there are numerous reasons.
Ten years ago, the economy was thriving, jobs were plentiful and people were buying houses left and right. Banks were powerful entities in the loan empire. The number of banks available to choose from was numerous, and people loved the choices and low interest rates.
Now, our economy is struggling, jobs are lost and people are losing homes left and right. Banks are losing money and many are closing. So what is a bank to do in order to reclaim its rightful place in the loan industry? It merges with another bank- two banks are better than one…right?
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