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Key Person Life Insurance

Help protect the continuity of your business.

Key person life insurance for your business needs.

Key person life insurance can keep your business afloat in the event of the death of any employee who is an integral asset to the company’s survival. We’ll work with you to design coverage that helps assure the continuity of your business for employees, customers, and creditors.

Insurance coverage that businesses should not overlook.

You might describe the skills and knowledge of the senior staff as priceless, but if anything happened to them, the financial losses for your business could be very real. That’s why you need to safeguard the future of your business with key person life insurance.

Ensure the continuation of your business.

Where ordinary life insurance compensates a person’s financial dependents for loss of income, key person life insurance is all about the costs a business faces when the person dies. It’s best suited for staff who are so vital to the company’s operations that it could struggle to survive without them.

What does key person life insurance have to offer?

The payout from a key person life insurance policy will ideally help the company stay afloat while the other members of your staff come to grips with running the business, or until your business hires a suitable replacement and brings them up to speed.

Additional payout options for every situation.

In the worst-case scenario, the payout could instead be used to wind down operations in a controlled manner rather than face the chaos and damage of a forced liquidation. In addition to paying out when a key staff member has passed away, some key person policies will also pay out if the person is diagnosed with a terminal illness or suffers a critical illness that means they can no longer work.

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As an independent agency, we are here to help you find the right Key Person Life Insurance coverage.

Key Person Life Insurance Quote Request

As an independent agency, we are here to help you find the right coverage.

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Insurance coverage cannot be bound or changed via submission of any online form/application provided on this site or otherwise. No binder, insurance policy, change, addition, and/or deletion to insurance coverage goes into effect unless and until confirmed directly by a licensed agent.

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