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Key Person Life Insurance

Key Person Life Insurance in Indiana

In business, there is always someone who is key to the success of the business itself. If something happens to that persons a Key Person Life Insurance Policy can protect the business by paying out various expenses.

A Key Person Life Insurance Policy Offers:

  • Reimbursement to an employer for losses
  • Provides immediate cash
  • Liquidity to help the business function
  • Can be seen as an asset on the businesses balance sheet

Who is considered a key man?

  • Owners
  • Co-Owners
  • Office manager
  • And others

What does Key Man Life Insurance Cover?

  • Lost Sales or Revenue
  • Hiring interim staff until a permanent employee can be found
  • Costs associated with hiring and training a replacement employee

When deciding if this coverage may be right for your business, it is important to consult with a licensed life insurance agent.

We offer additional life insurance options for individuals as well.