Key PersonKey person coverage is life insurance purchased by a business on an owner or an employee whose services contribute substantially to the success and continuity of the business. The insurance policy is owned and payable to the business. The insurance is in place to protect the business from the loss of a key person.
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Business Succession PlansA business succession plan, supported by a buy-sell agreement and life insurance, ensures a smooth transition of ownership while protecting your family, business, and financial legacy. It provides peace of mind by outlining clear steps for the future and securing the funding needed when the time comes.
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