Key Person Insurance
Key-person insurance uses life insurance and disability insurance policies to protect your business from financial loss if there is a physical loss of a key contributor, due to death or disability respectively. The business buys the policies, pays the premiums, and is the beneficiary.
Key-person insurance provides funds to:
| Provide cash flow in the adjustment period |
| Help your business continue to operate smoothly |
| Protect your business from lost revenue and profits |
| Buy time to strategize on how to proceed |
| Help recruit, hire, and train a new associate |