A Key Person is an individual who plays a vital role in the success of a business. Their knowledge, skills, or overall work contribution is considered to be uniquely valuable and irreplaceable for the business.
Why buy KEY PERSON INSURANCE?
Key Person Insurance protects the company in the event that the individual cannot work.
Their absence can have a severe financial impact on the business, and the tax-free funds can help the business:
Offset costs with hiring and training a replacement;
Cover costs associated with a disability income plan for the insured;
Pay for any other expenses related to the void in the business left by this individual.
Protect the key people in your business with Key man insurance / key person protection from Sunil Bhushan in Mississauga, Brampton, Oakville and Richmond Hill.