Life Insurance is one of those things that many people don’t want to talk about either because they don’t think they need it, they think they can’t afford it, or it’s just something they don’t want to think about.
As the name suggests, “Key Man Policies”, protect an organization in the event of the death of the key employee. With so much to consider when running a corporation, this detail is often overlooked. If the success of your business rests heavily on the shoulders of key employees, as most do, now is a great time to look into key man policies.
If you’re like many Americans, you’re pretty confident that you have a grasp on when and why to buy life insurance. While we hope that you are, in fact, well informed about life insurance coverage, there are a few common myths we would like to dispel in today’s post. If you ascribe to any of the following beliefs, we hope to give you a new perspective.