Key Person Insurance

In a small business, there are often certain employees who have a particularly critical impact on the bottom line. Key person insurance is life or disability income insurance purchased by the business on the life of such an employee and payable to the business. The death benefit can help make up for lost sales or earnings or cover the cost of finding and training a replacement.

An insurance professional can help you determine which employees, if any, are “key” to the business as well as evaluate how much and what kind of insurance should be purchased.

Source :


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: