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Tag: Key Employee Life Insurance

Key Employee Disability Income Insurance

Sometimes considered the companion policy in a key employee package, key employee disability income insurance is often included along with life insurance. The probability of a key employee becoming partially or totally disabled is actually greater than the probability of death during employment. The key employee disability insurance will pay the firm anywhere from 40 to 70 percent of the disabled employee’s income. Should the...

Key Employee Life Insurance

Would losing a key employee cause negative financial consequences for your company? A National Association of Insurance Commissioners (NAIC) survey found that 71 percent of small businesses reported they were very dependent on one or two key people for their success. Life insurance can compensate a business for an expected loss of income, or increase in expenses to search for a replacement in the event...