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Key Person Insurance

PROTECT Your Business with Key Person Insurance

Key Person Insurance is a life insurance policy taken out by a business on the life of an essential employee, such as a founder or executive. This type of insurance is vital for safeguarding the company's financial stability in the event of the loss of a key individual.


Key Benefits:

  • Financial Security: Provides funds to cover potential financial losses.

  • Business Stability: Ensures continuity of operations during transition periods.

  • Employee Confidence: Reassures stakeholders of the business’s commitment to long-term stability.

Tax and Estate Implications:

  • Premiums paid for Key Person Insurance are generally not tax-deductible, but the benefits received are typically tax-free.

  • Helps protect the estate of the key person by ensuring their contribution to the business is financially recognized.

Ensure your business remains resilient and financially secure by discussing Key Person Insurance with our experts. Contact us today to learn more.

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