Key Person Life Insurance at Life

Key Person Life Insurance. Policy can be maintained until the insured turns 62 or leaves the company; You can take out a key person policy on any member of your team—even yourself.

The death benefit received by the business from a key person life insurance policy can be used in the following ways: Key person insurance provides a death benefit to a business if a crucial employee, such as the owner, partner, or ceo, dies. Key person life insurance can keep your business afloat in the event of the death of any employee who is an integral asset to the company’s survival.

Patient Protection and Affordable Care Act, PPACA (H. R

Affordable, flexible term life insurance at your pace. This helps assure continuity of the business for employees, customers and creditors. A key person life insurance policy is a life insurance policy on a specific individual purchased by a business with the business listed as the beneficiary. It is a way to ensure your company will survive losing someone intricately involved with the business.