Key Man Life Insurance
Key Man Survivorship Life Insurance
Key person insurance is simply life insurance on the key person in a business. In a small business, this is usually the owner, the founders or perhaps a key employee or two. These are the people who are crucial to a business--the ones whose absence would sink the company.
- Permanent coverage
- Provides a guaranteed death benefit
- Can provide lifetime coverage
- Has the potential to build cash value
- Features a tax-advantaged death benefit
- Includes the ability to access money in your policy
- Offers riders to customize your policy
- Can be used for supplemental retirement planning
- Can be sheltered in an irrevocable life insurance trust
Benefits of Key Man Insurance
Why do you need Key Man Insurance (Key Person or Key Man Insurance)? As an owner or partner of the company you know your company will eventually bear the loss of a key executive or partner, the question is what are you going to do about it. Don't wait until it is too late. Who will lead your company when the CEO retires? What if your top salesperson or partner becomes permanently disabled?
Legacy Quote specializes in helping companies and partnerships of all sizes protect their crucial business assets with Key Man Insurance.
Legacy Quote provides competitive strategies to exceed your subsequent business succession planning needs:
- Key Man Life Insurance - We have great working relationships with all the market leading companies.We know where the best life insurance policies are and how to personally structure them for your key employees and executives, assuring your business is protected at the absolute optimum value.
- Disability Income Insurance - Disability Insurance needs including Key Man Disability, Executive Disability Income Insurance, Disability Buy-Out Insurance and Business Overhead Expense Insurance.
- Funding Executive Benefits - Keeping key employees is crucial to any company. We excel at identifying the fund an executive compensation plan that fulfills your objectives and rewards your leading people.
- Business Continuation Planning - Some business owners have a majority of their assets tied up inside their company. An adequately funded buy-sell agreement provides liquidity when it's sought after most. Do you currently have an exit strategy?
Whether your company is a start-up firm needing Key Person Insurance to secure financing or an existing profitable company requiring Business Succession Planning, Legacy Quote provides the Business Life Insurance and Disability Insurance proficiency necessary to ensure your company receives an exceptional solution for the most significant value.
A properly structured Key Man Insurance policy is usually the difference between a company that continues operations uninterrupted and continues moving forward and one that's compelled to liquidate and shut its doors in times of a sudden loss of a Key Employee/Owner/Partner. Is your company or partnership prepared?
Insurance Quotes on Key Man Policies
If you want the most competitive quotes on Key Man policies, Legacy Quote has access to the leading and most competitive policies available. Call us so we can prepare the most competitive quotes available or click here to email us information.