What Happens If You Lose A Key Person?
Every business has people it cannot afford to lose. This is how you protect against that.
24+ Years Experience · Independent - We Work For You · Licensed in 29 States
A Threat To Your
Survival
Most small businesses run on a handful of people. The owner. The top salesperson. The operations manager who knows how everything works. Lose one of those people unexpectedly - to death or disability - and the business can spiral fast.
Key Person Life Insurance protects the business itself. The company owns the policy, pays the premiums, and receives the benefit. That money can be used to recruit and train a replacement, pay off business debt, buy out a deceased partner's share, or simply keep the business running while it stabilizes.
Without coverage, an unexpected loss is a threat to the company's survival.
Build Unshakeable
Financial Strength
Death Benefit
If a key person dies, the business receives a lump sum to cover losses, recruit a replacement, or stabilize operations.
Disability Rider
Extended coverage can also protect against a key person becoming disabled and unable to work - often an even more likely scenario.
Loan Collateral
Key person coverage can be pledged as collateral for business financing, satisfying lender requirements.
Business Continuity
Demonstrates to partners, employees, clients, and lenders that the business has a plan - and the financial strength to execute it.
Built For
Business Owners
- Own or co-own a small to mid-size business
- Have people whose loss would significantly impact revenue or operations
- Are seeking business financing that requires key person coverage
- Want to ensure the business can survive and continue without them
ACT BEFORE YOU NEED IT
Secure Your
Business Legacy
The time to put key person coverage in place is before you need it. Once something happens, it's too late. Let's identify who your key people are and make sure the business is protected.
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