It can be or it can be used as benefit for the employee as a payout to the beneficiaries. It can also be used as a way to hold pension funds for retirement of said employee.
the (key person )is insured or policy holder and( company owner) is beneficiary when key person dies, the beneficiary will get the benefits and use the benefits to the company
So basically key person insurance is to protect the company??
It can be or it can be used as benefit for the employee as a payout to the beneficiaries. It can also be used as a way to hold pension funds for retirement of said employee.
the (key person )is insured or policy holder and( company owner) is beneficiary
when key person dies, the beneficiary will get the benefits and use the benefits to the company
Ty