Key person, also known as key man life insurance, is a specialized policy a business can purchase for an owner or partner, key executive or another employee considered critical to business operations.

Small-business owners are no strangers to risk. From the economy’s ups and downs to unforeseen operational challenges, the path to success in the world of small business can seem uncertain or even ...

Key man insurance is a type of life insurance policy that companies purchase on the life of a founder, owner or critical employee. It’s also called key person or key employee insurance. Key man ...