Key person, also known as key man life insurance, is a specialized policy a business can purchase for an owner or partner, key executive or another employee considered critical to business operations.

Key man insurance is a type of life insurance policy that companies purchase on the life of a founder, owner or critical employee. It’s also called key person or key employee insurance. Key man ...

Key person insurance, or contract frustration insurance, is a crucial risk management strategy for startups that rely heavily on specific individuals for their success. This type of insurance provides ...

Just as moms are often taken for granted for all they do to keep a household running, businesses often overlook the key employees who play a pivotal role in their day-to-day operations, ...

Lisa Zeiderman, Esq., CDFA, CFL, a Managing Partner at Miller Zeiderman, LLP, is a matrimonial and family law attorney based in New York. Life insurance isn’t just for individuals. If you own a ...

Discover the benefits and risks of deferred compensation life insurance plans, their types, and how to select the right plan ...

This article was first published on NerdWallet.com. Small businesses are making their mark on the economy and in their communities, with the U.S. Census Bureau reporting a record high 5.5 million ...

While every employee is valuable, some–your key employees–may be more valuable than others. Key employees can be found in every department, from administrative to management. They may be a ...

Key person insurance can help your business avoid financial burdens if a critical employee, like a CEO or founder, passes ...