Key Person Insurance
What affect would the death of a key person within your company have on your business? Your company may suffer a loss if that key individual was a partner instrumental in running the organization or an employee whose skill and vision made a significant contribution to the success of your business.
Key Person Insurance can help you protect your business against the financial loss of a valued employee. Through Key Person Insurance the business takes out a life insurance policy on a key employee. The business pays the premiums on the policy and is the policy's beneficiary. If the key employee dies, the money from the insurance policy may help the business stay on track until that key person's expertise is replaced.
Our financial services professionals can help you decide how your business could benefit with Key Person Insurance.