I heard about a lot of insurance types. I used to try selling when I was younger. But now, I just heard about the term key man insurance. Have you heard about that? Well, if you haven’t, here is a definition I got from WholeSaleInsurance.com. It says that…
“Key man life insurance , also known as key employee or key person insurance, is a life insurance policy used to protect a business from the death of a key employee.”
So this means that this insurance is a special life insurance plan given to key personnel of a company or business. This will help also the company where the key personnel is working cope up with the loss of their key employee.
So what do you think about this? What are your ideas?
