key Person Life Insurance

Protect your business against the loss of a valuable employee or owner.

When most people think of life insurance, they think of a policy that provides financial protection for an individual’s loved ones in the event of their untimely death. While this is certainly an important consideration, there is another type of life insurance that is often overlooked but can be just as crucial for business owners: Key Person Life Insurance.

Key Person Life insurance is a policy that a business purchases on the life of an owner, top executive, or other individual who is considered critical to the success of the company. These individuals are vital to the day-to-day operation and their absence could cause serious financial damage to your business.

Studies show on average, sales decrease by 60% for an average of four years after their death, and companies have a 20% lower survival rate two years after their death. These statistics underscore the importance of having a Key Person Life insurance policy in place to help protect your business. To determine if an employee qualifies simply ask yourself, “If this employee were to pass away tomorrow, would it be devastating financially to the company?” If some people immediately come to mind, they likely need to have policies in place.

At RogersGray, we understand the importance of protecting your business from unforeseen circumstances. Our Key Person Life Insurance policy offers comprehensive coverage at affordable rates. Policies are tailored to meet the unique needs of your business. The policy payout can be used to cover a variety of expenses including:

  • Hiring and training replacement employees
  • Protection from revenue loss
  • Capital to pay off debts or loans
  • Capital for severance packages should the company be forced to shut down

Don’t leave your business vulnerable to uncertainty. Reach out to the insurance professionals at RogersGray to start a discussion about what solution may be right for you and your business.



Sales decrease by 60% for an average of four years after their death.


Companies have a 20% lower survival rate two years after their death.


Click the button below to learn more about personal life insurance options for you and your family.