What is key-person life insurance?
Quick Answer
Key-person life insurance is a policy a business buys, owns, and pays on a critical employee, founder, or partner. The face value commonly equals 5-10 times the person's compensation and pays the company - not the family - if they die.
Warren Team
Updated October 23, 2025
36
Warren Team
Updated October 23, 2025
36
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The information provided is for educational purposes only and should not be considered as personalized financial advice. Warren is a registered investment advisor. Past performance does not guarantee future results. Please consult with a qualified financial advisor before making investment decisions.
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