Key Person Life Insurance is a policy a business purchases on the life of a critical employee—often a founder, executive, or top performer—whose loss would have a significant financial impact.
The business is the policy owner, beneficiary, and pays the premiums.
If the key person dies, the death benefit can help cover revenue loss, recruitment costs, or debt obligations, helping stabilize the company during transition.
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Wealth Management Services are offered through Baldwin & Clarke Advisory Services, LLC (BCAS). BCAS is a Registered Investment Adviser with the United States Securities and Exchange Commission (SEC). BCAS’ Form CRS and other disclosure documents can be found here. The information in this website has not been approved or verified by the SEC, or by any state securities authority. Additional information about BCAS is available on the SEC’s website at: www.adviserinfo.sec.gov, using CRD #105666.
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