Key Person Insurance

Protecting your company with Key Person Insurance

If you live in Florida and are looking for key person insurance look no further than V.W. Gould Agency. Replacing a key person can be costly and timely. It could even cost your business valuable clients during the transition. Key person life insurance offers a death benefit that will allow you to cover any financial losses that occur due to the death of a key person.

A key person policy can even strengthen your relationship with your employee, as it affirms their value to your business. This only strengthens your relationship.

Advantages of key person insurance

• Key person insurance is a business asset that can strengthen your business’s creditworthiness for commercial borrowing
• The key person insurance death benefit can be utilized to recruit and develop a replacement for the previous key employee
• The policy’s cash value may be available to your company through a loan or withdrawal
• The premiums are paid by the business

For more information on key person insurance or for a free quote call 386-734-3970

Related: Life Insurance, Life Insurance Buy-Sell. Term vs. Whole Life, Final Expense, Mortgage Insurance

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Insurance Since 1907