Key Person Insurance
"Helps to Protect Against The Unexpected"
The untimely death of a key person – such as an owner, partner or majority shareholder – often has a
significant impact on a closely held business. Replacing the expertise and knowledge of an essential individual
can take time and money – and may jeopardize the continuity of your business. You’ll also need to assure
creditors and customers that everything is fine. A key person life insurance policy can help the transition.
Help heirs meet estate tax obligations without compromising or dissolving a family business.
Keep the business running and assure creditors and customers that the company will operate as usual.
Reduce the impact of the untimely death of a key individual by covering expenses of finding and training a
suitable replacement.
Protect the value of essential employees.
The unexpected can potentially devastate your business. Key Person Insurance can protect your company’s
solvency in the event of losing an essential employee or founder. It pays the company a benefit that can be
used to keep the company running. This assures creditors that they will be paid on time while comforting
customers that your business will continue to operate as usual. It can also be used to cover expenses related
to finding and training a replacement.
How Key Person Insurance works:
With Key Person Insurance, the business buys a life insurance policy on the life of the key executive, and is the
owner and the beneficiary of the policy. The business pays the entire premium and will receive the entire death
benefit. The executive does not have any interest in the policy, nor does his family receive any benefit from it
when death occurs.
"Helps to Protect Against The Unexpected"
The untimely death of a key person – such as an owner, partner or majority shareholder – often has a
significant impact on a closely held business. Replacing the expertise and knowledge of an essential individual
can take time and money – and may jeopardize the continuity of your business. You’ll also need to assure
creditors and customers that everything is fine. A key person life insurance policy can help the transition.
Help heirs meet estate tax obligations without compromising or dissolving a family business.
Keep the business running and assure creditors and customers that the company will operate as usual.
Reduce the impact of the untimely death of a key individual by covering expenses of finding and training a
suitable replacement.
Protect the value of essential employees.
The unexpected can potentially devastate your business. Key Person Insurance can protect your company’s
solvency in the event of losing an essential employee or founder. It pays the company a benefit that can be
used to keep the company running. This assures creditors that they will be paid on time while comforting
customers that your business will continue to operate as usual. It can also be used to cover expenses related
to finding and training a replacement.
How Key Person Insurance works:
With Key Person Insurance, the business buys a life insurance policy on the life of the key executive, and is the
owner and the beneficiary of the policy. The business pays the entire premium and will receive the entire death
benefit. The executive does not have any interest in the policy, nor does his family receive any benefit from it
when death occurs.
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+ 1 954 315 3921
| + 1 954 315 3921 |
| Atlantic Wealth Management offers Securities through International Assets Advisory LLC an Independent Registered Broker/Dealer Member FINRA/SIPC. Investment Advisory Services offered through International Assets Investment Management, LLC, an SEC Registered Investment Advisor. International Assets Advisory, LLC and International Assets Investment Management, LLC are affiliated companies. Registered Investment Advisors may only conduct business with residents of the states for which they are properly registered. Please note that not all of the investments and services mentioned are available in every state. This site and the content herein are subject to certain Legal Notices. Please see "Legal/Privacy Important Disclosures" tab at the top of page for important information. |