Companies can suffer significant financial and emotional trouble with the death of
a key employee. At the very least, financial performance will decrease in the short-term due to the emotional loss of such a key player.
In the worse case, company profits can be damaged for years to come if key client or
vendor relationships leave with the death of the key employee.
Many companies choose to purchase life insurance on their more critical employees to
protect against these hardships. The funds from the life insurance help companies withstand the lost
revenues/profits and provide funds to help in the search, hiring and training of the needed replacements.
* Assumes: Male, age 40. Second highest rating class for 10-year level term.
Blevins Financial to learn about the various options that exist to use life insurance to help protect your company.