Introduction to Key Employee Life Insurance

Key employee life insurance is a life insurance policy owned by and payable to a business that insures the life or lives of employees (or outsiders) whose death(s) would cause a significant economic loss to the business, upon whose skills, talents, experience, or business or personal contacts the business is dependent, and who would be difficult to replace.

Reproduced with permission.  Copyright The National Underwriter Co. Division of ALM