Tag Archives: Key Person Life Insurance
As a business owner, you may depend on a number of key people for the successful function of your business. Many businesses have been built around the strengths and skills of a few individuals whose knowledge, or experience makes them a valuable asset to the business.
Key person insurance can help protect the value of your company and help keep the company running in the event of a death of a key stakeholder in the company. Replacing the knowledge of a vital employee can take time and money and can jeopardize the continuation of the business.
A key person life insurance policy can offer the following benefits:
- Help heirs of the estate to meet tax obligations without effecting the operation of the business.