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.
