Key Man Life Insurance is similar to an individual life insurance policy, except that instead of protecting the family of the insured, Key Man Life Insurance protects the business of the insured. Many small businesses are dependent on one or two key members of the company who have specific knowledge, resources, or client relationships that are irreplaceable.
Should the business lose this member suddenly, a Key Man Life Insurance Policy can help to keep the business afloat in the face of significant financial losses that may be incurred. Key Man Life Insurance can also ease the process of dissolving the company if it is no longer able to stay in business with the loss of a key person.
For more information, contact us today at 760-200-0270!