Key Person Insurance Plans

Key Person Insurance is an important form of protection for your business. It is an insurance policy taken out by a business to compensate that business for financial losses that would occur in the event of the death of an employee or key member of the business. The policy may also compensate the company if the key member or employee is incapacitated. The goal of Key Person Insurance is to compensate the business for losses due to the member or employee's death or incapacitation. Key Person Insurance policies compensate the business with a fixed sum as specified on the insurance policy.

Key Person Insurance Quotes

An employer may purchase a Key Person Insurance Policy on the life or health of any employee or member whose knowledge or work is considered valuable to the company. The employer would use the proceeds of the policy to offset the costs that the employer is likely to suffer in the event of the loss of a key person. These costs may include hiring temporary help, training successors, etc.

A Term Life Insurance Policy is used to fund the proceeds to be payable to the business for the loss of a valuable employee or partner. Term Life Insurance policies are usually available in 10, 15, 20 and 30-year terms. At the end of that term, the policy will expire.

Key Person Rates & Options

The insurance professionals at Bottom Line Insurance Consultants can help you select the best Key Person Policy and terms to protect your business. We carry competitive plans from the leading insurance carriers in the country, but are not obligated to any one insurer. In fact, we guarantee the lowest price no matter how you buy your insurance. Since we are paid directly by the insurance carriers, we can leverage our knowledge and expertise to help you buy insurance at no additional cost to you.

If you are interested in Key Person Insurance for your business, please contact the Key Person Insurance Plans Experts at Bottom Line Insurance Consultants today. We look forward to working with you.

Key Person Insurance Plans | Key Person Insurance Quotes | Key Person Rates & Options

Bottom Line recommends that you talk to one of our consultants before applying on any website including ours.   When comparing benefits from each carrier, the benefits aren't always as they appear.  You are making an important decision.  Call for complete policy information before applying. 

There is no added cost when applying through Bottom Line or for consulting with our insurance professionals.  Premiums are the same as buying direct from the insurers and you get ongoing customer service year after year at no added expense to you.