Key-Person Coverage

If you are like many business owners, much of the success of your business depends on your employees. Often times, there is a core group of contributors who help drive your business. Whether they are part owners or important employees, they bring value to the table. You want to make sure that your business will continue to be successful even if you lose their expertise.

So how do you protect your business when the financial security of your business is threatened by the death of a key person?

You can help cover the financial loss your business would experience at the death of a key employee by insuring your key people.

Key person Insurance can be used to:

• Keep lines of credit open.
• Train another employee for the same specialized skills.
• Assure the completion of ongoing project initiatives.
• Provide access to policy cash value through loans and withdrawals, which your business can use to meet unexpected business expenses*.

While you can never replace your key people, you can help protect your business form experiencing financial loss at their death.  Call me and we can discuss.

*Policy loans and withdrawals reduce the policy's cash value and death benefit and may result in a taxable event. Surrender charges may reduce the policy's cash value in early years.