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Keyman Insurance

Very often insurance is one of the most economical options available to business owners to protect their business from the loss of human assets.

Every business has one, two or several key employees who are crucial to its success. The loss of these employees would be a hard blow to the business. Key person insurance can ensure your business has the cash when it's needed to keep your business running.

Insurance policies are effective in business planning because the proceeds are paid tax-free, directly to named beneficiaries. Many insurance policies allow multiple joint ownership, as well as a substitution provision.

You may use one joint policy to insure all necessary employees. Should an employee leave the company, you may substitute another person under the substitution provision without a loss of coverage and minimal disruption to your business insurance plan. When your needs change, your insurance contract can also be changed or revised.