Key Man Life Insurance
Providing Insurance in New Madrid, Missouri
Key Man Life Insurance Solutions
In the event that an employee who is essential to the existence of the firm passes away, key man life insurance can keep your organization surviving. We'll collaborate with you to create coverage that aids in ensuring the viability of your company for workers, clients, and creditors.
Key man life insurance is an excellent strategy for safeguarding your company. Please let us know if you believe this would be a good fit for your company. We can go over your alternatives with you.
Our Key Man Life Coverage:
Although you may consider the senior staff's abilities and expertise to be priceless, your company may suffer very significant financial damages if anything were to happen to them.
Key man life insurance is all about the costs a firm experiences when the individual passes away, whereas regular life insurance pays a person's financial dependents for loss of income. It works best for employees who are so essential to the business's operations that it might not be able to operate without them.
Ideally, the payout from a key man life insurance policy will keep the firm viable until your business finds a suitable successor and trains them. It will also assist the other employees adjust to operating the company.
In the worst-case situation, the dividend may be used to carefully wind down operations rather than risk the turmoil and harm that would result from a forced liquidation.
Some key man plans will also pay out if the individual is given a terminal diagnosis or develops a severe disease that prevents them from working, in addition to when a key staff member has passed away.
Key Man Life Insurance Form
One of our insurance advisors will reach out to you to review your information and present you with the appropriate Key Man Life insurance solution. There’s no obligation, just good-old-fashioned advice.