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Key Person Insurance / Corporate Executive Bonus

Key person (employee) insurance is a particular type of life insurance policy taken out by a company on one of their employees, in which the company is the beneficiary in the case of that employee's untimely demise.

Key person insurance is a relatively new insurance coverage, but has attracted much praise and is encouraged by many strategic advisors. Life insurance is basically a system by which a fixed amount of money is paid to a beneficiary in the event that the person being covered dies.

Key Person Insurance

Key Person Insurance typically protects the business entity should an owner, partner or valuable employee die. Our solution also incorporates Living Benefits that enhances the coverage should the key person be unable to be a part of the business due to death, illness, injury or disability.

Keyman life insurance policy can be obtained for your key employees and executive leaders to ensure your business is protected. By having key person insurance, you plan ahead to have funds available for the business at a time of hardship and allow the company to recruit and train proper placement and avoid financial cash flow hardship of your operations.

Key person (employee) insurance is a particular type of life insurance policy taken out by a company on one of their employees, in which the company is the beneficiary in the case of that employee’s untimely demise.

Key person insurance is a relatively new insurance coverage, but has attracted much praise and is encouraged by many strategic advisors. Life insurance is basically a system by which a fixed amount of money is paid to a beneficiary in the event that the person being covered dies.

Executive Bonus

An Executive Bonus Plan is a method of compensating selected key employees by paying the premiums of a life insurance policy on the employee’s life. An Executive Bonus Plan is one of the easiest supplemental benefit plans to create. Living Benefits expands the protection to include illness, injury and long term care to the covered employee. Premiums are tax deductible to the business.
Executive benefits are crucial in maximizing the longevity and protection of your key employees and executive leaders in your company. This benefit is a crucial part of succession planning and growth strategies for growing companies. By providing executive benefits packages to the most valuable employees, you retain and tie the leaders to the future of your company.