Below is the  Checklist Key Employee Life Insurancetemplate body. If necessary, please put the personal information, company information, such as text to replace the specific content you need. you can download the .doc template file on the end of the article by click download link. 

CHECKLIST

ISSUES TO REVIEW FOR KEY MAN LIFE INSURANCE



This checklist will help you to determine if your company has a good disability insurance in place for all its directors, officers and key employees.


Is the amount of the coverage sufficient?

Is the insurer financially strong?

Are the premium payments competitive?

Are the premiums fixed for the life of the policy?

Is there a cash build up feature?

If there is a cash build up feature, how does it work?

Can you borrow against the policy?  At what terms?

Are the proceeds payables to the company or to a surviving spouse?

What are the circumstances under which the insurer can refuse to pay?

Under what circumstances can the policy be cancelled?

What physical exams have to be taken?

Does the insurer have a good history of timely paying claims?

What information of the applicant is necessary?
Smoker / non-smoker
Age
Name
Health history

click to download Checklist Key Employee Life Insurance template
                            

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