keyman insurance policies

English translation: insurance purchased by employer on the life of key personnel

18:50 Sep 29, 2005

English language (monolingual) [PRO]
Bus/Financial - Business/Commerce (general)

English term or phrase: keyman insurance policies

He recalls the aberrations in the sale and surrender of key man insurance policies over the close of the last financial year as an example. Many policies were assigned to the policyholder at inception and we found that banks were directly financing the premiums.

What is meant by "key man insurance policies"?

Sanjiv Sadan (X) KudoZ activity Questions: 311 (1 open) (1 without valid answers) (2 closed without grading) Answers: 5
Local time: 23:06

Selected answer:insurance purchased by employer on the life of key personnel

Explanation:
employer is the beneficiary of the policy.

Selected response from:

Marian Greenfield
Local time: 13:36

Grading comment

Thank you very much for your answer and explanation.
4 KudoZ points were awarded for this answer

SUMMARY OF ALL EXPLANATIONS PROVIDED

5 +8

insurance purchased by employer on the life of key personnel

Marian Greenfield

Discussion entries: 2

Answers

13 mins confidence:

peer agreement (net): +8

insurance purchased by employer on the life of key personnel

Explanation:
employer is the beneficiary of the policy.

Marian Greenfield
Local time: 13:36
Specializes in field
Native speaker of:

English
PRO pts in category: 36

Grading comment

Thank you very much for your answer and explanation.

Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

Return to KudoZ list

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

See also:

ProZ.com term search

Search millions of term translations

keyman insurance policies

English translation: insurance purchased by employer on the life of key personnel

Answers

KudoZ™ translation help

Your current localization setting

Select a language

keyman insurance policies

English translation: insurance purchased by employer on the life of key personnel

Answers

KudoZ™ translation help

You have native languages that can be verified

Your current localization setting

Select a language