Whether you are looking for Key Man Business Life Insurance or Personal Life Insurance let K&P help. We have access to all of the top shelf carriers and direct access to Underwriters. We make the process as smooth as possible.
Key Man Business Insurance
Just as life insurance protects a family from financial catastrophe in the event of the death of the primary breadwinner, key man life insurance protects a business from financial disaster. Key man insurance can be purchased to cover the death of the founder or owner of the company, an executive, a leading sales person, attorney or any other employee whose contributions to the company are so great that the future of the company would be in doubt if he or she were to die or become permanently disabled and unable to work.
A key man life insurance policy can insure employees and members of the board of directors at large and small companies. Large companies, especially those that have publicly traded stock or those that have issued bonds, almost always have key man insurance policies in place as part of a succession plan to cover any business interruption that would occur if a key player were to die.
Reasons why you need life insurance
- Income Replacement
- To help fill the gaps in retirement
- Changes in your life (The birth or adoption of a child, change in marital status, home purchase, job change, or planning for college)
Reviewing your life insurance is an integral piece to your financial plan – Let us review your current policy in relation to any of the events below:
- Your Income Changed
- Your Health Changed
- You Lost Weight
- Your Family Status Changed
- Your Housing Status Changed
- Your Marital Status Changed
- Your Beneficiaries May Have Changed
- Your assets have changed