Tag Archives: Key Person Life Insurance

Key Person Insurance

Posted on: December 1st, 2011 by Peter Choma

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.

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