Key Person Life Insurance Policy covers very key people who are crucial to the business and without them the business is incapable of moving forward or thriving.
Also Read: Insurance Industry In India: Industry Growth, Market Size, And It's FutureHow does the key person life insurance work?
What is the cost for key person life insurance policy?
There are a few things to consider when determining the amount of key person life insurance to purchase.
Let no one lie to you, key person life insurance is the best way to protect your business after the loss of a key person and should be strongly considered when your business is developing and growing.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
In 2018, there were 30.2 million small businesses operating in the U.S.
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