Business Planning

Key Person Life and Disability Insurance

If you have employees or partners that are vital to your business, then protecting them – and your business- is crucial.

Protect Key Persons

With Life and Disability Insurance

Here’s why:
Losing a key person can become a serious disruption to your business. Especially if that key person is an owner, current loans and lines of credit may be affected, and new credit requests may be denied. Vital intellectual property and/or current clients may be lost following the departure of a key person. Recruitment and training of a replacement may prove challenging or take a long time, reducing productivity, and in some cases affecting morale.

Peace of mind for you AND your customers.

A life insurance policy on a key person can cover expenses to recruit and train a replacement, as well as any errors that may occur while the successor is in training. It can also assure creditors that their loans are safe.

Having a key person life insurance policy can help keep the business running; giving you and your customers peace of mind in the midst of a major transition.