Protect Business Future With Key Person Life Insurance
Financial Benefits and Considerations
The cost of key person life insurance varies based on several factors, including the age, health, and role of the insured individual, as well as the coverage amount. Premiums can range from a few hundred to several thousand dollars annually. However, the peace of mind and financial security it offers far outweigh the costs. Additionally, the death benefit received is typically tax-free, providing a direct financial cushion to the business1.