Amounts up to $1,500,000 for employer sponsored plans depending on the number of employees covered
No medical questions nor doctor exam nor para medical exam
Can be used to address the liabiliby inherent to a buy/sell agreement within a multiple owner business or a professional corporation
Available to employees thru age 70 without age reductions
Since this is a 10 year level premium plan, if the employees leaves the employer, the life insurance can be continued by the employee when he/she leaves the company at no increase in premium for the duration of the 10 year term
Acceptance is subject to certain "actively at work " requiements
The Beneficary can be: 100% to the Employer or 100% to the Employee's named benefcary or shared between the Employee and the Employer
The cost is comperable to group term insurance for similar amounts of insurance coverage