Protect Your Business with Key Person Insurance

The right insurance can mean the difference between staying in business or closing the doors if key people in the company die unexpectedly.

Every company has key people

Every company has people they absolutely rely on as key contributors to the company's success. If something were to happen to them, without a plan in place, it could be a blow from which the company might never recover. Managing the company's potential loss of revenue and business momentum might require more than something like simple credit insurance.

Key Person Insurance

Key Person insurance is a life insurance policy that companies take out on their key people, with the company as the main beneficiary. From management to research, sales and marketing, productive, visionary leaders make business happen, and without them a company's future can be put in jeopardy. With Key Person insurance, the costs and losses associated with the death of a key person can be mitigated.

Is key person insurance necessary at your company? How would your company respond to the sudden loss of a leader?

See if these statements sound true for your company:

• No single individual contributes more than any other to our company's ongoing success.
• Our customers would not panic or be alarmed if we suddenly lost someone they consider a vital part of our company's human resources.
• Our creditors would not call in loans if we lost a company member who had made personal guarantees.
• We have a totally flat corporate structure, with decision-making responsibilities shared by all.
• Our company vision is strong and well-defined, and everyone is on the same page all the time.
• We have an excellent plan in place to deal with any contingencies.
• The ownership structure of the company is clear, even if one or more owners dies suddenly.
• Our business would go on as usual, no matter what.

If these statements don't all sound true for your company, find out more about key person insurance. Talk to one of our licensed life insurance agents and get the information you need to make the right decision for your business. Call Matrix Direct toll-free at 800-914-8376, or request a quote on key person insurance online.