Life insurance purchased by a company or investor on the life of a key executive. Usually the company is the policy's beneficiary. also called business life insurance.
Related information about key person insurance:
- Key person insurance - Wikipedia, the free encyclopedia
Key person insurance, also commonly called keyman insurance and key man insurance, is an important form of business insurance. There is no legal definition ...
- Key Person Insurance Definition | Small Business Encyclopedia ...
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 ...
- Key Person Life Insurance | Nationwide.com
Key Person Insurance. Many businesses have a shining star – whether that person is the founder, an amazing salesperson or an innovative thinker. What would ...
- Key Person Insurance: How It Works | NFIB
In the event of the death of a key colleague, key person insurance can help keep your business afloat. Here's what to consider. No one wants to consider the ...
- LIFE Foundation | Key Person Insurance
The Life and Health Insurance Foundation for Education (LIFE) is a nonprofit organization dedicated to helping consumers make smart insurance decisions to ...
- Key Person Insurance Definition | Investopedia
A life insurance policy that a company purchases on a key executive's life. The company is the beneficiary of the plan and pays the insurance policy premiums.
- What is Key Person Insurance?
Aug 23, 2012 ... Key person insurance is a particular type of life insurance policy taken out by a company on one of their employees, in which the company is ...
- Key-Person Insurance
Discusses the use of Key-Person life insurance to protect the business in the event a key employee should die...