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A key man, also referred to as a key person, is an individual within a business who holds significant importance and whose skills, knowledge, experience, or relationships contribute significantly to the success and profitability of the organization. The key man can be an executive, business owner, top salesperson, technical expert, or anyone else whose absence would have a substantial impact on the company's operations and financial stability. Key individuals often possess specialized expertise or unique abilities that are difficult to replace quickly. They may have key client relationships, hold critical patents or intellectual property, or have a deep understanding of the company's operations and processes. These individuals play a pivotal role in driving revenue, making strategic decisions, and maintaining key business relationships. https://lnkd.in/g_R4MNgn #keyman #life #insurance #ifg #planning #protection #business #taxes #inflation

As we wrap up 2024, I'm taking some time to reflect on my goals for the year ahead. One part of that planning is career focused. USI gives me the tools, support, and environment to thrive and achieve my career aspirations. ⭐Does your current company align with your goals?⭐ ⭐Are you equipped with the resources you need to succeed?⭐ Let's connect and discuss how we can help you reach your full potential in 2025. #careergoals #professionaldevelopment #insurance #USI USI Insurance Services

A key man, also referred to as a key person, is an individual within a business who holds significant importance and whose skills, knowledge, experience, or relationships contribute significantly to the success and profitability of the organization. The key man can be an executive, business owner, top salesperson, technical expert, or anyone else whose absence would have a substantial impact on the company's operations and financial stability. Key individuals often possess specialized expertise or unique abilities that are difficult to replace quickly. They may have key client relationships, hold critical patents or intellectual property, or have a deep understanding of the company's operations and processes. These individuals play a pivotal role in driving revenue, making strategic decisions, and maintaining key business relationships. https://lnkd.in/gBesb7Qv #keyman #life #insurance #ifg #planning #protection #business #taxes #inflation

💼 **What happens to your business if your MVP suddenly isn't there?** Whether it’s the owner, a founder, or a critical employee, losing a key person can bring operations to a standstill. But it doesn’t have to—Key Person Insurance can safeguard your company’s future. 🔑 What It Is: Key Person Insurance provides a financial safety net if a crucial individual—like an owner, founder, or key employee—passes away or becomes incapacitated. It helps the company stay afloat or pivot during uncertain times. 💡 Why It’s Critical: The sudden loss of a key person can bring business operations to a halt. This coverage buys time to recruit and train replacements, pay off debts, compensate employees, or even facilitate an orderly closure. 🛡️ What It Covers:  - Offsetting lost profits from sales or delayed projects.  - Securing shareholder or partner interests.  - Protecting against risks tied to loan guarantees or credit. 💲 How Much to Get: Policies can range from $100,000 to $1 million or more. Coverage is often 8-10 times the key person's salary or based on the financial impact of their role. 🏢 Who Pays: The company pays the premiums and is the policy beneficiary, ensuring resources are available when most needed. **Takeaway: Key Person Insurance is essential for small businesses and startups to weather the loss of a key individual and secure the company’s future. #commercialrealestate #industrialcre #insurancereview

You won't go far in Insurance if you're just in it for money. In my insurance career, I have seen financial advisors who join the industry as they are drawn to the potentially high earnings in the industry. Our industry doesn't always have the best reputation. Some immediately think of flashy cars, watches and homes. But, what I've noticed is that agents who join the industry purely for money may find success early in their career but often find it hard to sustain if they are not able to empathise with their clients. While this role can be seemingly flashy, It isn’t just about selling policies or pushing products. It’s about listening to clients, understanding their needs, and guiding them through some of their most important life decisions. We have a huge responsibility in helping people achieve their goals and protecting them in times of crisis, often offering emotional support along the way. The industry is a relational one. The human element is what sets great advisors apart. For those new to the industry or even experienced professionals, it’s important to keep sight of this. Chasing profits might offer short-term gains, but the true reward comes from helping people build their futures and being part of their journey. This is what leads to a fulfilling and sustainable career in financial advisory. At the end of the day, clients don’t just remember the advisor who sold them a product; they remember the one who stood by them through the highs and lows, offering support and guidance. The real heart of this profession lies in the relationships we build with clients and the trust we earn along the way. #FinancialAdvisory #ImpactBeyondFinance #finexis #finexisadvisory

Which Indian Insurance Company should you use for your Financial Planning? This excellent article will help you decide! https://lnkd.in/eTpH8RAc Get in touch with our India Desk to find out how we can help you • INR Financial Planning & Wealth Management • For Indian residents & People of Indian Origin Worldwide • Discover your opportunities.

At our agency, we believe in building futures, not just policies. Let’s talk about how we can help you grow your career. Schedule a web meeting today to get started #insurance #insuranceagent #insuranceagency #insurancecareer #career #success #growth #opportunities

At E&P we know the value of rewarding dedication. With a competitive compensation structure and performance incentives, your effort truly pays off #insurance #insuranceagent #insurancecareer #insuranceagency #career #success #growth #paysoff #earnings #income

You don’t have to be the best at everything, just be great at something. Focus on sharpening your skills and your ability to do your job 👍🏽 #career #ability #pursue #knowledge #job #grow #business #insurance

𝗠𝘆 𝗣𝗮𝗶𝗻𝗳𝘂𝗹 𝗝𝘂𝗺𝗽 𝗶𝗻𝘁𝗼 𝗧𝗵𝗲 𝗜𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 I loathed the insurance industry when I was in my 20s. I despised how agents would approach me, trying to sell me plans I didn't need. Little did I know that one day, I would join this very industry. Back when I was earning a five-figure income in B2B sales, I worked exhausting 12-hour days, with no time for my loved ones. That's when I was sold the idea of time freedom, no bosses, and the ability to make even more than I was making. I was apprehensive but I thought, "I'm good at sales; if I could earn five figures before, I can do it here too!" But despite calling everyone in my contact list (apologies, family and friends), I wasn't getting many clients, and people seemed to avoid me. Facing constant rejections was hurtful and mentally draining. And in my first couple of years as an advisor, I only earned $500/month. It got so bad that I had to borrow money from my mom just to leave the house for work. For me, that was rock bottom. I gave up on going for appointments until one day, my very first client texted me: "I need your help." I panicked thinking something bad had happened. Turns out, she just wanted me to help her boyfriend with his financial planning. Then she said… "𝘉𝘦𝘧𝘰𝘳𝘦 𝘐 𝘮𝘦𝘵 𝘉𝘪𝘯 𝘗𝘦𝘪, 𝘐 𝘥𝘪𝘥𝘯'𝘵 𝘬𝘯𝘰𝘸 𝘵𝘩𝘢𝘵 𝘐 𝘸𝘰𝘶𝘭𝘥 𝘯𝘦𝘦𝘥 𝘢 𝘣𝘦𝘵𝘵𝘦𝘳 𝘭𝘪𝘧𝘦. 𝘐 𝘵𝘩𝘰𝘶𝘨𝘩𝘵 𝘦𝘢𝘳𝘯𝘪𝘯𝘨 $1.8𝘬 𝘢 𝘮𝘰𝘯𝘵𝘩 𝘸𝘢𝘴 𝘧𝘪𝘯𝘦. 𝘐 𝘥𝘪𝘥𝘯'𝘵 𝘬𝘯𝘰𝘸 𝘵𝘩𝘢𝘵 𝘐 𝘸𝘰𝘶𝘭𝘥 𝘯𝘦𝘦𝘥 𝘵𝘰 𝘱𝘭𝘢𝘯 𝘧𝘰𝘳 𝘮𝘺 𝘯𝘰𝘳𝘮𝘢𝘭 𝘭𝘪𝘧𝘦. 𝘜𝘯𝘵𝘪𝘭 𝘐 𝘮𝘦𝘵 𝘩𝘦𝘳 𝘢𝘯𝘥 𝘴𝘩𝘦 𝘭𝘦𝘵 𝘮𝘦 𝘴𝘦𝘦 𝘢 𝘥𝘪𝘧𝘧𝘦𝘳𝘦𝘯𝘵 𝘭𝘪𝘨𝘩𝘵 𝘵𝘰 𝘭𝘪𝘧𝘦. 𝘛𝘩𝘢𝘵'𝘴 𝘸𝘩𝘦𝘳𝘦 𝘐 𝘬𝘦𝘱𝘵 𝘵𝘦𝘭𝘭𝘪𝘯𝘨 𝘮𝘺𝘴𝘦𝘭𝘧 𝘵𝘰 𝘬𝘦𝘦𝘱 𝘸𝘰𝘳𝘬𝘪𝘯𝘨 𝘵𝘰𝘸𝘢𝘳𝘥𝘴 𝘦𝘢𝘳𝘯𝘪𝘯𝘨 𝘮𝘰𝘳𝘦 𝘴𝘰 𝘵𝘩𝘢𝘵 𝘐 𝘤𝘢𝘯 𝘲𝘶𝘪𝘤𝘬𝘭𝘺 𝘴𝘢𝘷𝘦 𝘶𝘱 𝘢𝘴 𝘮𝘶𝘤𝘩 𝘢𝘯𝘥 𝘳𝘦𝘵𝘪𝘳𝘦 𝘢𝘴 𝘺𝘰𝘶𝘯𝘨 𝘢𝘴 𝘱𝘰𝘴𝘴𝘪𝘣𝘭𝘦. 𝘑𝘶𝘴𝘵 𝘵𝘳𝘶𝘴𝘵 𝘩𝘦𝘳." There was a sense of achievement that struck me after seeing the value of what I did. This experience shifted my focus from earning money to putting clients first. As I focused more on genuinely wanting to help the people around me and reach out to impact lives, I gained even more clients and referrals. I realized it doesn't matter what people say or what industry you're in; it only matters if you're happy and purposeful in your job. Money can be earned easily anywhere, but happiness and having a purpose are the golden treasures that are the hardest to find. And this is why I do what I do.