Key person life insurance protects your business from the financial impact of losing a critical team member—such as a founder, executive, or top salesperson—due to death or disability. The policy pays a tax-free death benefit to the business, providing immediate funds to cover revenue loss, recruit a replacement, reassure stakeholders, and maintain stability during a difficult transition. It’s a smart safeguard to preserve continuity and protect your company’s long-term value.

With key person insurance, you’ll receive a payout that can be used to hire temporary help, recruit a replacement, pay off outstanding loans, or even wind down operations in an orderly way if needed. It’s also a reassuring signal to partners, investors, and stakeholders that your company is prepared for the unexpected.