Key person life insurance is a unique form of life insurance that protects the business from a loss of revenue following the passing of an employee.
This may sound morbid but the loss of a keystone employee can have a devastating effect on a business.
Defining who keystone or key employees are is up to you, but a good idea would be to partner with an insurance agent that understands how to determine who those key employees are.
Watch this video “Who Do I Buy Key Person Life Insurance For?” for more details:
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This is video #54 of a one hundred insurance video series that The Murray Group is producing to provide insurance consumers with quick, valuable answers to their everyday insurance questions.
If you have additional questions regarding business life insurance or if you would like to discuss and receive a quote for a business life insurance policy use the link below:
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Disclaimer: This article is for informational purposely only. There is no legal advice being suggested or proffered and the author assumes no responsibility or liability for the actions taken or not taken by the readers based upon such information.
created by Ryan Hanley