Key Person Insurance

Losing a co-founder, partner, or CEO can have serious consequences for a business's financial sustainability. Key Person Insurance is a type of life insurance designed to help mitigate that risk. Who counts as a "Key Person"? A key person can be any individual who is vital to the running of

It used to be called key man insurance, but happily we now live in (slightly) more egalitarian times. What can key person insurance do for you and your business? In this article: What is key person insurance? How does key person insurance work? What are the benefits of key person

Key person insurance is a type of insurance that is taken out to protect a business in the event that a key employee dies or becomes critically ill. The cost of key person insurance will vary depending on a number of factors, but it is typically much cheaper than other

In short: yes. Key person insurance is a type of life insurance that is often used by businesses to protect themselves financially in the event of the death of a key employee. The insurance pays out a lump sum to the business, which can then be used to cover the

In the UK, Key Person Insurance can be held in trust, which can provide some tax advantages. However, holding it in a trust can bring added complexity, meaning the death benefit may not paid to the company in a timely manner. In this article: What is Key Person Insurance? What

There are two main types of life insurance for business owners: key person insurance and life insurance. Key person insurance is insurance that is taken out on a key employee or owner of the business. The death of this key person would have a significant financial impact on the business,

Key man insurance is a type of insurance that provides financial protection to a business in the event that a key employee dies or becomes disabled. By contrast, a buy-sell agreement is a contract between business owners that outlines how the business will be sold or transferred if one of