Do you own a business that relies on a key employee to make it work? What if something happened to that employee? What would it cost to find a replacement? Key Employee Life Insurance protects your business and provides funds while you find another replacement for that “Key Employee”. Call us today to learn about your options.
Key Employee Life Insurance
Key Employee Life Insurance
Key Employee Life Insurance should be considered when:
- Your business relies on employees that are difficult to replace.
- The business relies on a key individual that generates substantial revenue.
- Your business would have difficulty paying its debt without a key individual
- You have potential investors or banks that will not invest without Key Person Insurance.
- You have plans to go public and need this coverage for executives and board members before it can proceed with a public offering or merger.
- Your business needs a tool to retain a Key Employee by offering them a whole life policy they can ultimately own if they stay with your company for an agreed time.