Guarantee funding when your business needs it the most.
By Russ Alan Prince
Your $5 Million High-Net-Worth Practice
There are times because of death when key people in a company are lost. Key person life insurance provides funds to a business to address the financial losses that can occur when a key person dies.
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Revenue losses can be offset, and money can be tapped to help ensure the business remains viable and doesn’t fail – for example, to find a replacement or train someone to take the job of the key person who died.
This is almost always the most cost-effective approach. Additionally, key person life insurance pretty much guarantees the money required will be available when needed.
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