Key Person Insurance

Protect your Business in the Event of Death or Extended Illness of a Valuable Owner or Employee

As a business owner, you may rely on a number of key people for the successful operation of your company. Many businesses have been built around the strengths and skills of a few individuals whose capital, energy, knowledge, or experience make them a valuable asset of the organization.

In the event of death or extended illness of such a key person, your business could suffer from the loss of knowledge, expertise and management capability. Replacing such a valuable resource is often difficult and costly in terms of finding and training someone new, as well as meeting their income requirements.


Key People are:

check markOwner/Managers
check markEmployees with special skills and talent
check markEmployees (Sales People) with strong ties to valued customers
check markTop sales people skilled at attracting new business/customers
check markDesigners/Inventors


Key person insurance is a life insurance policy maintained by the company on the life of an important partner or employee. It provides funds to partially offset the economic cost to the company of losing such an employee. It may also provide:
1. A stabilizing factor to keep the business running.
2. Reassurance creditors and customers that the company will operate as usual
3. A death benefit to the family of the deceased for a reasonable period of time to replace lost income.
4. Help heirs meet estate tax obligations without compromising or dissolving a family business
5. Reduce the financial impact of the untimely death of a key individual by covering the expense of finding and training a suitable replacement
Make key person insurance part of your business plan.



Please contact us for your no-obligation consultation. We look forward to helping you and your family! 


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