KEY PERSON
INSURANCE

Protect one of your company’s most valuable assets.

Key Person Insurance

Key Person Insurance is designed to support your company through the financial difficulties it experiences when losing an employee whose contribution to the company cannot easily be replaced. A key person could be the owner-operator of a small business, or the CEO of a major corporation, whatever the role, the company will suffer in their absence. The policy premiums are paid by the company, which is the beneficiary, and generally covers the key person with some combination of life, illness and disability insurance.

The benefits payable from a key person insurance plan could help your company with recruiting or training a replacement, paying off debts and reducing financial burdens following the loss of a key person, or reassuring employees, customers and investors.

A key employee is one of your company’s most valuable assets. Let’s make sure their absence is financially covered.

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Key Person Insurance FAQs

Key Person Insurance is important because it is an injection of capital into a business when they need it the most. Significant losses often arise when an important individual in an organization is no longer present. Especially in a smaller business where a few key people are responsible for a major portion of the revenue and operations.

Yes. Key Person Insurance is often more important when a business is in its beginning and growth stages.  It would be difficult for a small business partnership to survive if a key person who was responsible for driving a major portion of the company’s revenue, was no longer there.

They are usually the same thing.  Key Person Insurance is Life Insurance for a key person in a company whose absence would severely impact the business’s finances or operations.

Key Person Insurance benefits can be used at the business’s discretion to supplement significant losses that arise from the loss of a key employee.  This may include, but is not limited to, finding a replacement, paying outstanding loans, or covering expenses.

Generally no.  The most common Key Person Insurance is term coverage but in certain situations, permanent policies may make more sense.

Typically, no.  Key Person Insurance is considered personal coverage and not tax-deductible to an owner, or the business itself.

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By completing our short online form, we can get to work right away without taking up any more of your valuable time.

SUBMIT YOUR INFO
Don’t want to wait?
Connect with us now.
Connect@TheReFrameGroup.com

Key Person Insurance

Key Person Insurance is designed to support your company through the financial difficulties it experiences when losing an employee whose contribution to the company cannot easily be replaced. A key person could be the owner-operator of a small business, or the CEO of a major corporation, whatever the role, the company will suffer in their absence. The policy premiums are paid by the company, which is the beneficiary, and generally covers the key person with some combination of life, illness and disability insurance.

The benefits payable from a key person insurance plan could help your company with recruiting or training a replacement, paying off debts and reducing financial burdens following the loss of a key person, or reassuring employees, customers and investors.

A key employee is one of your company’s most valuable assets. Let’s make sure their absence is financially covered.

BOOK A CALL
Key Person Insurance FAQs

Key Person Insurance is important because it is an injection of capital into a business when they need it the most. Significant losses often arise when an important individual in an organization is no longer present. Especially in a smaller business where a few key people are responsible for a major portion of the revenue and operations.

Yes. Key Person Insurance is often more important when a business is in its beginning and growth stages.  It would be difficult for a small business partnership to survive if a key person who was responsible for driving a major portion of the company’s revenue, was no longer there.

They are usually the same thing.  Key Person Insurance is Life Insurance for a key person in a company whose absence would severely impact the business’s finances or operations.

Key Person Insurance benefits can be used at the business’s discretion to supplement significant losses that arise from the loss of a key employee.  This may include, but is not limited to, finding a replacement, paying outstanding loans, or covering expenses.

Generally no.  The most common Key Person Insurance is term coverage but in certain situations, permanent policies may make more sense.

Typically, no.  Key Person Insurance is considered personal coverage and not tax-deductible to an owner, or the business itself.

Load More

Ready for a Quote?

By completing our short online form, we can get to work right away without taking up any more of your valuable time.

SUBMIT YOUR INFO
Don’t want to wait?
Connect with us now.
Connect@TheReFrameGroup.com

How We Work

Step 1

You tell us a bit about yourself

Step 2

We compare multiple quotes

Step 3

You get the best coverage

KEY<br>PERSON

KEY
PERSON

08/12/2019

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