Key Man Life Insurance

Key man insurance is simply life insurance on the key person in a business. In a small business, this is usually the owner, the founders or perhaps a key employee or two. These are the people who are crucial to a business--the ones whose absence would sink the company. You need keyman insurance on those people. Key man term life works by a company purchasing a life insurance policy on a key employee, pays the premiums and is the beneficiary of the policy. If that person unexpectedly dies, the company receives the insurance payoff. The purpose of key man life insurance is to help the company survive the blow of losing the person who makes the business work.

The company can use the insurance proceeds for expenses until it can find a replacement person, or, if necessary, pay off debts, distribute money to investors, pay severance to employees and close the business down in an orderly manner. In a tragic situation, keyman life insurance gives the company some options other than immediate bankruptcy.

5 Reasons to chose us:

• No voice mail during business hours - we are here to answer your questions from 9am to 9pm (EST)
• Use our state of the art insurance quote engine to correctly qualify yourself for the insurance coverage that is best for you.
• We have keyman life insurance experts on staff
• You will only be contacted by us - we never sell your personal information to third parties.
• We work with many insurance carriers, so we can find the best life insurance for you
• No voice mail during business hours

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