Key Man Life Insurance

Chris Leitch and Nick Springer standing in the lobby of the Commonwealth Centre Office

Key Man Life

Full Name: Key Man Life Insurance

What if your best sales person is not there any more?

  • Categories: Benefits
  • Also Known As : Business Life Insurance, BOLI, Key Person, Key Man
  • Replacing a key person takes time and money and could cost the business valuable clients during the transition. Key person life insurance offers a death benefit that can help cover financial losses that occur at the death of a key person. This helps assure continuity of the business for employees, customers and creditors.

    The death benefit can be used to recruit and develop a replacement for the previous key employee