Key Person Insurance
Protect Against The Unexpected
The untimely death of a key person – such as an owner, partner or majority shareholder – often has a significant impact on a closely held business.
Replacing the expertise and knowledge of an essential individual can take time and money – and may even jeopardize the continuity of the business. You’ll also need to assure creditors and customers that everything is fine. A key person life insurance policy can help the transition.
Help heirs meet estate tax obligations without compromising or dissolving a family business
Keep the business running and assure creditors and customers that the company will operate as usual
Reduce the impact of the untimely death of a key individual by covering expenses of finding and training a suitable replacement