60% OFF Key Man Insurance Discount Codes May 2025

Key man insurance is a type of life insurance policy that provides financial protection to a business in the event of the death or disability of a key employee. The policy is owned by the business and the premiums are paid by the company. The purpose of this insurance is to help the company recover from any financial losses that may occur due to the absence or incapacity of a critical employee, such as a CEO, founder, or key salesperson. The policy payout can be used to cover costs related to recruitment and training of a replacement, loss of revenue, customer retention efforts, or paying off debts. Key man insurance is an important risk management tool for businesses who heavily rely on specific individuals for their success.

The main products of key man insurance include life insurance, disability insurance, and critical illness insurance.