Life Insurance for Key Man

Among different types of insurance that companies buy, key man life insurance is usually neglected. Businesses that protect their assets like buildings and other properties forget to protect their key men. The key man of a business is an important person who is essential to run the business. An obvious key man is the CEO. There can be other important employees like General Managers who can be insured using the Key Man Life Insurance.

Most insurance companies provide this type of insurance for businesses. Among the various ways to get quotes from these insurance companies, getting it online is the easiest one. One can get quote online for key man life insurance.

In case of the death of the key man, the face value of the money he is insured against can be used to hire new key man or other employee. It can be very useful for a business in such scenarios.