What Is Key Person Life Insurance, Exactly?
When you’re creating something, your greatest resource is your people. Unfortunately, however, they still remain people; that means that they are susceptible to the same risks that any of us are. So, as a business, it can be helpful to look at all of your options to protect your company. One of the possibilities available is key person life insurance, which helps businesses to handle the strain of an unexpected absence, whether from disability or death.
Here at Guardian Financial Management, we know that your employees are your best bet. But when life makes that impossible, key person life insurance is there to help you make your way forward. Our office understands that your financial moves as a business can be changed dramatically with the death or disability of one of your executives, so if you are still unprotected, see about key person life insurance.
Is key person life insurance right for your business? Reach out to Guardian Financial Management to find out more.
Protecting Your Business Interests Through Insurance
As a business, you need to take steps to keep things going. Any organization of people can devolve, it’s just a fact of life. But when families depend on you to work together, it’s important to find a way to do it well.
Your employees are your greatest resource, too, bringing their A-game with them each day. They do more for you than you might realize, and if they leave, it could create a hole in your flow chart. Key person life insurance works to protect your business interests should an essential member become incapacitated due to injury or even death. That can be a real help in the right circumstance.
How Does Key Person Life Insurance Work?
So, what exactly does a key person life insurance policy actually do? This form of insurance plan is taken out by the employer, on behalf of an executive, top employee, or someone who has specific knowledge or skills that are essential for your operation. If they should become sidelined due to death or disability, key person life insurance pays a cash benefit.
Now, key person life insurance plans can only cover certain people. So, if you’ve been thinking about adding a little more security to your office, reach out to Guardian. Working with a trusted, local financial management team can help.
Climb The Mountain With Guardian Financial Management
Your team is there for you, until they’re not. Find out more about key person life insurance by calling Guardian Financial Management in Flower Mound, TX today.
Take Your First Step
Contact Us
Investment advisory services offered through Brookstone Capital Management, LLC (BCM), a registered investment advisor. BCM and Guardian Financial Management are independent of each other. Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents.
The content of this website is provided for informational purposes only and is not a solicitation or recommendation of any investment strategy. Investments and/or investment strategies involve risk including the possible loss of principal. There is no assurance that any investment strategy will achieve its objectives.
Registered Investment Advisors and Investment Advisor Representatives act as fiduciaries for all of our investment management clients. We have an obligation to act in the best interests of our clients and to make full disclosure of any conflicts of interests. Please refer to our firm brochure, the ADV 2A item 4, for additional information.
Any comments regarding safe and secure products, and guaranteed income streams refer only to fixed insurance products. They do not refer, in any way to securities or investment advisory products. Fixed Insurance and Annuity product guarantees are subject to the claims’ paying ability of the issuing company and are not offered by Brookstone.
