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Home » Life Insurance

Life Insurance

September 5, 2024
Silicon Valley Risk & Insurance Services

What Is Key Person Life Insurance and Why Is It Important?

Key person life insurance, also known as key man insurance, is a specialized type of life insurance policy designed to protect businesses from the financial impact of losing a crucial member of their team. This individual could be a founder, executive, owner or any employee whose skills, knowledge and contributions are vital to the company’s […]
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October 26, 2023
Silicon Valley Risk & Insurance Services

What Is a Key Person Life Insurance Policy?

In the business world, some individuals play pivotal roles essential to the company’s success. These individuals are often called “key persons” or “key employees.” Key person life insurance, also known as key man insurance, is a specialized insurance policy designed to protect a business from financial hardships that may arise if one of these key […]
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