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Key Person Insurance


Many corporations have a few select employees, usually executives, who put in more hours, are responsible to make the most difficult and important decisions, and have significant relationships with vendors, clients or financial institutions.

If these people die or become disabled, it may take time to replace and train a new person. During this adaptation period, the company will suffer significant financial losses. Insurance on the life of the “Key” employee, is often purchased to provide the company with much needed cash during this sensitive time.
 
 
 
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