Posts Tagged ‘ secure-because ’

realLIFEstories – Ken Howell – Overcoming the Unthinkable

June 23, 2011
realLIFEstories – Ken Howell – Overcoming the Unthinkable

After Ken Howell lost his business partner and longtime friend, Jeff Moses, in a small plane crash, he knew their automotive manufacturing company would be all right because of a smart business continuation plan. Life insurance policies funded a buy-sell agreement and the two remaining partners were able to take control of the company. Key person insurance on Jeff’s life provided the money needed to hire a new salesman to take over many of Jeff’s duties. As for Jeff’s family, they are financially secure because of money they received through the buy-sell agreement as well as life insurance Jeff owned individually.

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