Definitions for "business life insurance"
Life insurance purchased by a company or investor on the life of a key executive....
Life insurance coverage designed to meet the needs of business owners, small businesses and professional practices.
Life insurance purchased by a business enterprise on the life of a member of the firm. It is often bought by partnerships to protect the surviving partners against loss caused by the death of a partner, or by a corporation to reimburse it for loss caused by the death of a key employee.