What happens when a key employee, like a manager, top salesperson or partner suddenly dies? The business could be in serious jeopardy, unless it implements a sound financial plan. Key man insurance is an integral part of planning for every business, no matter how big or how small. If planned appropriately, it can protect the business against financial hardship if a key employee dies. Often the survival of a business after such a loss is dependent upon this insurance.
FIND THE APPROACH THAT WORKS FOR YOUR COMPANY
At Geraci Financial Group, we will help find an approach to Key man Insurance that works best for your business. Determining the type of key person insurance and the amount needed depends upon the business and the employee insured. Read more