Key Person Life
Insurance
Key Person Life Insurance is a life insurance policy purchased by a company on the life of a key employee. The purpose of the coverage is to protect the company in the event of an early death of the key employee. Key Person Life Insurance is also purchased as a funding vehicle for companies to recover costs associated with various company benefits, employee and executive benefit programs.
Protect your business
Insure lost revenue, replacement costs, business expenses, and benefit plan liabilities.
We deliver proprietary and institutional life insurance coverage.
Coverage Amounts
Insure key person from $1,000,000 to $100,000,000+ in death benefit.
Protect
Insure lost revenue, replacement costs, business expenses, and benefit plan liabilities.
Speed
Get a quote and preliminary analysis within 3 to 5 business days.
Protect your business
The term Key Person can be measured by several different factors: (i) Compensation - a substantial compensation package, (ii) Decision Making Power - responsibility for making important decisions or who greatly influences the direction of the business, (iii) Skill or Talent - special skills or talents that would be difficult to replace, and/or (iv) Profits - efforts directly impact revenue and profits.
How It Works
Quote & Analysis
Gather information on the business, key person, coverage amounts and duration.
Underwriting
Key person insurance exam and application paperwork (including financial justification).
Issue Policy
Key person life insurance policy is issued, premium is paid, and manage the policy.