Key person insurance offers a financial cushion if the sudden loss of a certain individual would profoundly negatively affect the company’s operations. Key people, particularly in small business are not readily replaced, and the delays in recovering from their loss can be a blow for an organization. Key Person Insurance can help prevent this unexpected loss from harming your business financially. The main qualifying point is whether the person’s absence would cause major financial harm to the company. If this is the case, key person insurance is definitely worth considering.
Not sure how key-people insurance can benefit you and your family? Contact a Granite Financial key persons insurance professional today. We make wealth management simple!