This coverage is designed to protect your business upon the loss of a key employee. The tax-free proceeds from this policy can be used to find, hire and train a replacement, compensate for lost business during the transition, or finance business transactions.
Key Man Life is often required in order to obtain funding. Investors often need an assurance that they can recoup their investment if something happens to the founder of the company, or to the Chief Technology Officer.
WHY KRAUTER KEY MAN LIFE?
Key Man Life Insurance is a way for investors to protect their investment. Usually, one or two key people represent the technical genius or creative talent in a new venture. The sudden death of such a person can have a disastrous financial affect on the company. It can weaken the company's credit rating, or require the sale of a portion or all of the business if there is no way to cover costs while a replacement person is found.
Premium financing is available at competitive interest rates and often below the guaranteed rate of return on the policy!
MORE INFORMATION? CONTACT US.
For more information about Krauter & Company’s Key Man Life capabilities and professionals, send your request to: info@krautergroup.com
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