LibraryScenariosWhen business partners disagree about key person insurance
Scenario

When business partners disagree about key person insurance

My business partner and I are fighting about whether to buy key person insurance on each other because she thinks it's morbid planning and I think it's basic business protection. We built this company together but we have completely different philosophies about preparing for worst-case scenarios.

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More people experience this than they realize.

What we've seen

Partners must reconcile opposing approaches to risk management when one person's comfort with mortality planning conflicts with another's avoidance of it.

Ideas that help explain it
Worth thinking about

“Where Are You with Insurance — theory and practice?”

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