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Get Independent Life Brokerage Key Person Insurance Toolkit 2009-2024

Happens to the employee. The key person policy can either be term insurance or permanent insurance. While the main purpose of Key Person Insurance is to provide a death benefit to the business in the event of the premature death of an essential employee, it can also be used as a way to provide the key person with supplemental non-qualified retirement benefits. Why Life Insurance? Life insurance is the one financial instrument that provides the necessary funds at precisely the time they are nee.

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