Key-Person Life Insurance
The purpose of Key Person insurance is to help the company make up for lost sales or earnings or to cover the cost of finding and training a replacement. The life insurance policy is owned by the business, the business pays the premiums and the business is the beneficiary.
Business owners need to be prepared for anything that life can throw at them. We can help you with several options for business owners to help protect their business from the unexpected. Having the foresight to help protect business clients against the loss of an owner or an essential employee–perhaps the company’s most valuable asset–can mean the difference between business continuation or closing up shop.
Let our team help with business planning strategies that are designed to protect your client’s business from the unexpected.