Key Person Insurance
July 23, 2014 | | Kris Tabetando | 0 Comment
Key person insurance is when a business is paying for the life insurance of its key personnel with other key people as its beneficiaries.
Key personnel is most often the owner(s) of the business. Beneficiaries are usually business partners, investors, or spouses of the key personnel.
This form of insurance protects these beneficiaries in the event that a key personnel member passes away. It is fully-deductible.
Author: Kris Tabetando
Kris Tabetando provides mergers & acquisitions (M&A) advisory and brokerage services to Internet companies. He also partners with investors to acquire & manage Internet businesses.
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