D oes your business include someone whose contribution is vital to the survival of your company? If yes, then key person insurance should be a part of your business continuity and succession plan—especially if you're a small business owner.
However, with the benefits payable from a key person life or disability insurance plan, you could: Recruit, hire and train a replacement, Pay off debt and deal with creditors, Alleviate lenders' concerns about your company's financial health, Reassure customers, employees and investors that the business will continue operating.
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