Key Person Life, Disability

Key Person Life & Disability

Protect your business against loss in the event of a key employee’s death or disability with key person insurance.

Key person life and disability insurance will be paid directly to your business in order to minimize the impact of this unexpected circumstance.

Businesses use these benefits to hire and train replacements, as well as cover increased costs and loss of cash flow.

Other features of key person insurance:

• The death benefit can be used to recruit and develop a replacement for the previous key employee
• Coverage is a business asset that enhances your company’s creditworthiness for commercial borrowing
• The policy’s cash value may be available to your business through a withdrawal or loan if needed
• The business pays the premiums, and they are non-deductible