Help Protect the Survival of Your Business With Key Person Insurance
Without important colleagues you can count on to help your business succeed, the most wonderful concepts, the finest products, the greatest ideas may never see the light of day. The loss of your best employee can cripple your company, but a key person insurance plan from Lafayette Life may help protect your business against this loss and ensure its continued survival for years to come.
As an asset of the business, a Lafayette Life insurance policy on your star talent while they are still a contributing member of your team can help protect your business. If your key person passes, the policy can help:
Replace lost profits
Fund your efforts to locate, find and train a replacement
Provide a financial reserve
Allow you to purchase their ownership interest in the business
Provide benefits to the employee’s family
Provide the business owner access to the cash value for business needs
What You Need to Know About Key Person Insurance
Read through our information guide to get all the details about key person insurance.
You and Lafayette Life could be a winning combination together. Whether you are ready to become a Financial Representative or would like to learn more about working with Lafayette Life, we are eager to hear from you.
The Lafayette Life Insurance Company does not provide legal or tax advice. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Lafayette Life cannot guarantee that the information herein is accurate, complete or timely. Lafayette Life makes no warranties with regard to such information or results obtained by its use, and disclaims any liability arising out of your use of, and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Please consult an attorney or tax professional regarding your specific situation.
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