Key Person Life Insurance Highlights
- Offers your business financial relief after an owner or manager dies.
- Gives you the liquidity of funds to hire a replacement, if needed.
- Some policies build cash value that can be distributed to managers in a retirement plan.
Reasons to Choose Key Person Life Insurance
The death of a manager or owner could cause disruptions to production, sales, and your credit rating. Key Person life insurance can provide the ﬁnancial means to help your business survive this loss.
With this coverage, you’ll have funds to stabilize the business and hire a ﬁrst-rate replacement before quality and service slip. Key Person life insurance may also let you reward your manager so they might not consider leaving for another job.
Would you like more details about Key Person life insurance? Contact your Pekin Insurance agent to see how this plan could benefit your business.