Key Person Life Insurance Policy | TX Life Insurance

Description

A key person life insurance policy is a type of life insurance that is taken out by a company on the life of a key employee. The key employee is usually essential to the running of the business, such as a CEO, CFO, or another senior executive. The death of a key employee can have a devastating effect on a company, both financially and in terms of morale. A key person's life insurance policy can provide much-needed financial support to help the company through this difficult time. It can also help to ensure that key employees are adequately insured, which can give them peace of mind and make them more likely to stay with the company.

ID: 462601 22 views