According to a survey of 1,098 senior managers conducted recently by the American Management Association, only 14% reported that their companies were well-prepared for the loss of a key senior manager.How about your company? Are you prepared to weather the loss of a key employee on your leadership team? At bare minimum, you should consider key-man or key-person life insurance.What Is Key Man Life Insurance?A key man life insurance policy will protect your company from the untimely death of a valued manager, executive, sales person or owner.A comprehensive policy will also include disability insurance in the event the insured is unable to perform his or her job because of sickness or injury.
Typical candidates include employees whose skills, experience, knowledge and/or contacts are critical to your company’s ongoing success.
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Publisher: EINSURANCE
Publisher: EINSURANCE
