Key person coverage

by Guest » Tue May 17, 2011 01:49 am
Guest

I am sinking several million dollars into a business that I am buying. I will have one employee who is absolutely crucial. He won't agree to get examined for life insurance. Is it possible to get him insured for a substantial amount withhout him knowing?

Total Comments: 31

Posted: Sun Aug 21, 2011 06:18 pm Post Subject:

8. War, Terrorism and Mass Destruction
9. If the Insurer alleges that by reason of this exclusion any claim is not covered by this insurance the burden of providing the contrary shall be upon the Insured.



Max, I believe that "this" refers to #8. If that isn't the case, I'm in agreement that it would be troublesome.

Regardless, I certainly agree that it makes no sense for any burden to be on the insured since the insured would be dead. Regardless, it is irrelevant as to what the brochure says. What matters is what the policy says.

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