Life Insurance

Key Employee insurance is a life insurance policy taken out by a business on the life of a key employee to help protect the business in case of an unexpected death. This can be anyone in the business whose death could have a significant impact on the company or may result in a loss of business. This might be the owner, a partner, or an employee whose knowledge and contributions to the company are valuable. The purpose of this life insurance is to help the company survive the blow of losing the person who makes the business work.