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Can an employer be the beneficiary of a life insurance

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Posted: Thu Nov 11, 2010 3:54 pm   Post subject: Can an employer be the beneficiary of a life insurance   Can an employer be the beneficiary of a life insurance of an employee. Can someone get a life insurace for their employee.	perfectlove New member Joined: 11 Nov 2010 Posts: 7 2.54 Dollars($)
Posted: Thu Nov 11, 2010 10:24 pm   Post subject:    The employer cannot be the beneficiary of a GROUP life insurance policy in most states. However, there are commonly individual life insurance policies covering the life of an employee with the employer as the beneficiary. Some examples of this would be key-person coverage and certain buy-sell plans plus others. But not for group coverage. InsTeacher	InsTeacher Moderator Joined: 13 Aug 2007 Posts: 1343 Location: Oregon, USA 119.93 Dollars($)
Posted: Tue Nov 16, 2010 5:02 am   Post subject:    This is a new one.never knew that an employer can be a beneficiary of employee's life insurance under some circumstances. _________________ Health Insurance Quote	goodyphilips Preferred member Joined: 12 Jan 2010 Posts: 190 18.98 Dollars($)
Posted: Tue Nov 16, 2010 10:06 am   Post subject:    Yeah, it's popularly known as Keyman's insurance. An employer offers such coverage to their key employees. Absence of such employees might create obstacles in the course of their business operations.	steven Senior member Joined: 02 Feb 2006 Posts: 1553 215.66 Dollars($)
Posted: Wed Nov 17, 2010 5:49 am   Post subject:    Yes that makes perfect sense for an employer. _________________ Health Insurance Quote	goodyphilips Preferred member Joined: 12 Jan 2010 Posts: 190 18.98 Dollars($)

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