Key Person

Service Description

Key Person Life Insurance is a policy a business takes out on a critical employee, owner, or executive whose skills and contributions are essential to the company’s success. If the insured person passes away, the policy provides the business with funds to cover financial losses, recruit and train a replacement, or maintain operations during the transition. In addition to protecting the company, many policies are structured so the insured key person can also access the policy’s living benefits or cash value during their lifetime. This creates a dual advantage: the business gains protection, while the key person gains a powerful financial resource for future needs.