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.

Question: My company purchased key man insurance on one of our executives several years ago. He recently left the business and we are stuck with the insurance. The premiums are expensive ...

Key man insurance is a type of life insurance policy that a company purchases on the life of a founder, owner, executive or other essential employee of a business. Key man insurance can be ...