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Key Person

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
  • diminished earnings
  • 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.