What Is Key Employee Life Insurance?

Nearly every business has key employees who are critical to the overall success and profitability of the business. Key employee life insurance is insurance on the life of a key employee, purchased to help reimburse an employer for the economic loss caused by the death of the employee. As such, key employee life insurance is not a specific type of life insurance policy; rather, it is an effective way for a business entity to use life insurance.

Typical Key Employees

Purpose of Key Employee Life Insurance

Funding Alternatives

Tax Aspects for Employers

Other Uses of Key Employee Insurance

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