Key Man Insurance can be put in place when a very important member of a company is unable to work. Essentially it is a life insurance plan designed to protect a business. A Key Man Insurance plan can be purchased for anyone who is valuable to the company’s financial success due to his or her knowledge, experience, skill set, or leadership. It is intended to help a business survive after the loss of an important partner.
Types of key man insurance plans include: life, critical illness, and key man income insurance.
Contact us today and we will help you decide what is most appropriate for your business.