Key Person Life Insurance

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

Studies show on average, sales decrease by 60% for an average of four years after the death of a key person, and companies have a 20% lower survival rate two years after the passing of one o these individuals. These statistics underscore the importance of having a Key Person Life Insurance policy in place to help protect your business.

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.

Consider these questions when evaluating if your company needs to have key person insurance in place:
Q:  “Are there any employees who if they were to pass away tomorrow, it would be devastating financially to the company?”
A:  Identify how integral their contributions are to daily operations and long-term growth. If they are critical, consider key person insurance.

Q:  “Does any employee have experience or skills that would be difficult to replace?”
A:  Evaluate the cost for recruiting, training, onboarding, and getting a replacement up to speed. If replacement would come at great expense, it is advisable to consult with an advisor.

Q:  “Are there any legal or contractual obligations that require key person insurance?”
A:  Review contacts, loan agreements, and partnership agreements to determine if this is a requirement.

Complete the form above to schedule a free consultation with a RogersGray advisor today.


Sales decrease by 60% for an average of four years after the death of a key person.


Companies have a 20% lower survival rate two years after the death of a key person.

A Key Person Life Insurance policy offers comprehensive coverage at affordable rates, and 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.

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