Key Man Life Insurance is a corporate-owned life insurance policy issued on an executive, owner, or other key employee to ensure continuity in the event of their death. It helps protect the company from disruption by covering financial losses and funding leadership replacements.
Balefire will guide you through the process of protecting your business from financial loss in the event of the death of a key employee whose skills, knowledge, or leadership are vital to the company’s success. Our team can also evaluate current buy/sell insurance policies, which help facilitate ownership transitions in the event of a partner’s death by providing funds to the business (or remaining partners) to buy out the deceased partner’s shares.