Benefits of Key Person Life Insurance
Added Security	Your business is protected from financial hardship as the result of a loss Plans can partially cover the costs of recruiting, training, and other expenses involved with hiring a replacement
Easy Eligibility	The company is the applicant, owner, beneficiary and premium payer for a policy on a key individual No prior IRS approval is required
Tax-Free Proceeds	At the time of a key employee's death, life insurance benefits are received as tax-free income
Retirement Benefits	If the covered employee remains with your firm until retirement, the policy may be used as retirement income
No Fees	There are no additional fees for participating in this plan