Key person, also known as key man life insurance, is a specialized policy a business can purchase for an owner or partner, key executive or another employee considered critical to business operations.

When you’re ready to exit the business you’ve nurtured through the years, who’s going to take your place at the helm? You’re probably planning a key person buyout of some variety if you’re not passing ...

Key person insurance, or contract frustration insurance, is a crucial risk management strategy for startups that rely heavily on specific individuals for their success. This type of insurance provides ...

Benjamin Harvey CFP®, CPWA®, ChFC®, CLU® Founder and Private Wealth Advisor, Summation Wealth Group To continue reading this content, please enable JavaScript in ...

Founders soliciting venture funds quickly get comfortable revealing details about their operations, vision and finances. They may also need to be willing to step on a scale and get a blood draw.

If one of your key employees suffered a disability or died suddenly, what would it mean for your business? A death or disability can signal disaster for many companies, especially if there has been no ...

Two months ago, I was a speaker at the National Cattlemen’s Beef Association. When I arrived, the mood was somber. The night before, four family members perished in a plane crash while flying to the ...

Key person insurance can help your business avoid financial burdens if a critical employee, like a CEO or founder, passes ...