What Are Key Person Benefits?
Key person benefits are life insurance and disability insurance plans. However, these type of plans go beyond the limits of traditional group insurance.
Who are Key Benefits for? Key personnel. For instance, this is usually the owner, the founders or perhaps a few other key executives.
How do Key Person Benefits Work?
There are a few ways to set up key person benefit programs. Accordingly, they can be customized to wrap around the group plan. Also, an executive can “buy up” his or her group plan.
Why Key Person Benefits? Key person policies protect the business in the event of a sudden critical illness or death of a key employee. Additionally, they protect the executive’s family. JS Benefits Group specializes in setting up key person benefit programs for all types of employers. For more information, fill out the form below. Then, we will contact you.