Key person insurance is coverage a company takes out on an essential person, such as an owner, top salesperson or lead technician, whose death or disability would seriously hurt the business.
We help you identify who is truly critical to your operations, then structure a policy where the company is the beneficiary. If the worst happens, the money can help cover lost profits, pay down debts and fund the search for and training of a replacement, so the business can carry on.
What we help with
- Identifying the roles your business depends on most
- Estimating how much coverage makes sense
- Choosing life, disability or critical illness coverage for key people
- Comparing options from multiple insurers
How it works
- ReviewWe look at how your business runs and where it's most vulnerable.
- RecommendWe suggest coverage types and amounts, and explain them plainly.
- Put it in placeWe compare insurers and handle the application with you.
- Keep it currentWe revisit coverage as your business and team change.
Common questions
Who owns the policy?
Usually the company owns the policy, pays the premiums and is the beneficiary.
Are the premiums tax-deductible?
Generally not, but the tax treatment depends on how the policy is structured. We'll coordinate with your accountant.
General information only, not personal financial, tax or legal advice.