Most companies have at least one person whose skills are vital to the success of the business. A key person may be an owner, partner, or employee without whom your business would suffer serious consequences. Without this key person, your business might experience:
loss of credit
loss of key accounts
unexpected replacement costs
…Or even the loss of your remaining employees’ confidence in the future of the company. This strategy is designed to protect a business from financial loss at the death of a key person.
We at Lowdermilk & Associates have partnered with Midland National to offer Key person life insurance. This solution could help ensure that all the effort and money invested in a business won’t disappear when the unexpected happens.