Key Person Coverage
Key Person Coverage provides income to the business in the event that an individual whose knowledge, creativity, inspiration, reputation or skills that are critical to the viability of the business is no longer part of the business.
Key Person Coverage is life and disability insurance which covers a business owner or key employee. The business owns the policy, pays the premiums and receives the payout if the key person dies or experiences a covered disability.
The amount of coverage you will need will depend on a variety of factors; contact a PIN Advisor for more information.
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