Key Person Life Insurance
In business, there is always someone who is key to the success of the business itself. If something happens to that persons a Key Person Life Insurance Policy can protect the business by paying out various expenses.
A Key Person Life Insurance Policy Offers:
- Reimbursement to an employer for losses
- Provides immediate cash
- Liquidity to help the business function
- Can be seen as an asset on the businesses balance sheet
Who is considered a key man?
- Office manager
- And others
What does Key Man Life Insurance Cover?
- Lost Sales or Revenue
- Hiring interim staff until a permanent employee can be found
- Costs associated with hiring and training a replacement employee
When deciding if this coverage may be right for your business, it is important to consult with a licensed life insurance agent.
We offer additional life insurance options for individuals as well.