Key Person Life Insurance

Protect Your Business with Key Person Insurance?

Replacing a key person takes time and money − and could cost the business valuable clients during the transition. Key person life insurance offers a death benefit that can help cover financial losses that occur at the death of a key person. This helps assure continuity of the business for employees, customers and creditors.



Taking out a key person policy on your top employees also affirms their value to your business, strengthening the relationship.


Benefits for Your Business?


  • Tax-free policy proceeds cover financial losses that may occur at the death of a key person

  • Assurance of business continuity for your executives, customers and creditors

  • Coverage is a business asset that enhances your business' credit worthiness for commercial borrowing

  • Key person's value to your business is affirmed, if needed, strengthening the existing relationship and aiding in retention

  • Policy's cash value may be available to your business through a withdrawal or loan if needed for business opportunities or retirement benefits