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KEY PERSON PLANNING

Key Person Planning provides your business protection from financial loss in the event that a key person unexpectedly passes away or gets diagnosed with a critical illness. Losing a key person that is vital to your business operations can leave small businesses in financial ruin. Key Person Planning helps mitigate this some of this cumbersome financial and business risk.

Having a Key Person protection plan can also play a vital part in your overall Business Succession Plan. It can make your company more valuable from the owner’s standpoint when creating a business succession plan or in planning for sale of the business. It can also serve as a way to let irreplaceable employees know they are valuable as Key Person protection can be supplemented by non-qualified executive benefits that help attract and retain employees.  

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