Key Person Insurance Services from Lions Financial
Do you rely on a key employee for the success of your business?
Are you concerned about the financial risks you could face if that person were no longer able to perform at a normal capacity or worse, pass away? If so, key person life insurance could be the solution you need.
Key Person Life Insurance Explained:?
Key person life insurance is a policy that a business purchases on the life of a key employee. If the key employee dies, the policy provides a death benefit to the business which can help cover the costs of finding and training a replacement, paying off debts, and other expenses. The death benefit can be used by the business for any purpose, such as paying off loans, buying out shareholders, or funding a business continuation plan.
Don’t leave your business’s financial health to chance. Contact Lions Financial today to learn more about our key person insurance services. With our professional experience and technology, we help create a comprehensive plan that will protect your business’s financial health. Let us help you secure your future and give you peace of mind.
Our approach is designed to help you mitigate the financial risks associated with losing a key employee due to death, such as delays in client services, disruptions in your partnerships, and negative impacts on your credit line. With key person life insurance you can ensure that your business will be protected in the event of an unexpected loss.
At Lions Financial we focus on helping your business find the right key person insurance solution.
We use a four-step SIRE process that includes surveying your business, gaining insight into your specific needs, making recommendations tailored to your company, and executing on the plan with our professional experience and technology.
Frequently Asked Questions
Key person life insurance can protect your business from the financial risks associated with losing a key employee due to death, such as delays in client services, disruptions in your partnerships, and negative impacts on your credit line. It can also provide funds to help cover the costs of finding and training a replacement, paying off debts, and other expenses.
The financial risks associated with losing a key employee include delays in client services, disruptions in your partnerships, and negative impacts on your credit line.