Key person, also known as key man life insurance, is a specialized policy a business can purchase for an owner or partner, key executive or another employee considered critical to business operations.

Key man insurance is a type of life insurance policy that companies purchase on the life of a founder, owner or critical employee. It’s also called key person or key employee insurance. Key man ...

Key person insurance, or contract frustration insurance, is a crucial risk management strategy for startups that rely heavily on specific individuals for their success. This type of insurance provides ...

Lisa Zeiderman, Esq., CDFA, CFL, a Managing Partner at Miller Zeiderman, LLP, is a matrimonial and family law attorney based in New York. Life insurance isn’t just for individuals. If you own a ...

What clients need to know about how life insurance coverage can protect their businesses Your clients likely understand that a life insurance policy can help protect their families, as it provides a ...

While every employee is valuable, some–your key employees–may be more valuable than others. Key employees can be found in every department, from administrative to management. They may be a ...

Key person insurance can help your business avoid financial burdens if a critical employee, like a CEO or founder, passes ...