Many organizations develop executive benefit plans for those individuals who are critical to their success. Ensuring the financial security of the key men and women within your business is important to them, and is rarely overlooked. But what would happen to the financial security of your company if that key person was unable to return to work?
Key Person Insurance
Key person insurance offers a death benefit that indemnifies you as an employer for the loss of one of your most important assets – the key person. This insurance can ensure continuity of the business for employees, customers and creditors by protecting against losses in sales, momentum and credit. The benefit can also be used to recruit and develop a replacement if needed.
If there is an individual within your organization who is responsible for a significant portion of your profits, or has a unique and hard to replace skill set, let us help you to get the protection your employee and your company needs.