Key Person Life Insurance for Business Owners Explained
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YouTubeGordon Marketing
Key Person Life Insurance for Business Owners Explained
#insurancefmo #insuranceagent #medicaretraining In this episode of Selling Life and Annuities, Randy Pierson sits down with Ray Parman to discuss key person insurance, who it's for, and how does a closely held business benefit from implementing this kind of coverage. Key Employee Insurance is a big sales opportunity in the business market. It ...
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What is key person or key man insurance and why is it important? Key person insurance, also known as key man insurance, is a life or disability insurance policy owned by a business on a critical employee such as a CFO, COO, or other key leader. It helps compensate the company for financial loss and transition costs if that individual passes away or becomes disabled. While key person insurance premiums are generally not tax-deductible, the coverage plays an important role in maintaining business
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