Key person life insurance are policies that are taken out by companies on “key” individuals critical to the organizations success.  Important questions every company should ask themselves:

1. How would the loss of a key sales, business or operations employee impact your organization?

2. Are you protecting your business from a key person’s early disability, departure or death?

For many businesses, especially small to medium sized growing businesses, the loss of a key employee could be detrimental to continuing success.

A properly funded business protection plan for key employees can provide the needed tax favored funds for the company if an event occurs.