Key man insurance is a type of life insurance policy that companies purchase on the life of a founder, owner or critical employee. It’s also called key person or key employee insurance.

Key person insurance provides a death benefit to a business so that it can continue operating if the key person dies. There are no restrictions on how the death benefit is spent.

Key person, also known as key man life insurance, is a specialized policy a business can purchase for an owner or partner, key executive or another employee considered critical to business operations.

Key person insurance can help your business avoid financial burdens if a critical employee, like a CEO or founder, passes away or becomes disabled. The death benefit from this type of insurance ...

Term life insurance: Term life insurance provides coverage for a predetermined amount of time, such as 10 or 20 years, and is significantly less expensive than permanent life insurance. Typically, for ...

Key man insurance is a type of life insurance policy that a company purchases on the life of a founder, owner, executive or other essential employee of a business. Key man insurance can be ...

Key person insurance, or contract frustration insurance, is a crucial risk management strategy for startups that rely heavily on specific individuals for their success.

Key person insurance enables business continuity by providing money to pay the bills and can settle the key person’s surety obligations with no impact on their deceased estate. Key person insurance ...

Certain individuals are instrumental to a business's success, so losing them due to death or disability could be the death knell for your business. Key person insurance enables business continuity by ...