e/Corporate-owned life insurance

Information
has gloss	eng: Corporate-owned life insurance (COLI) is life insurance on employees' lives that is owned by the employer corporation, with benefits payable to the corporation. COLI was originally purchased on the lives of key employees and executives by a company to hedge against the financial cost of losing key employees to unexpected death, the risk of recruiting and training replacements of necessary or highly-trained personnel, or to fund corporate obligations to redeem stock upon the death of an owner. This use is commonly known as "key man" or "key person" insurance. Although this article refers only to practice and policy in the United States, key person insurance is used worldwide.
lexicalization	eng: Corporate owned life insurance
lexicalization	eng: Corporate-owned life insurance
instance of	(noun) insurance paid to named beneficiaries when the insured person dies; "in England they call life insurance life assurance" life assurance, life insurance