Key Man Term Life Insurance

Key Man Term Life Insurance

Key man insurance is simply life insurance on the key person in a business. In a small business, this is usually the owner, the founders or perhaps a key employee or two. These are the people who are crucial to a business--the ones whose absence would sink the company. You need key man insurance on those people. Key man term life works by a company purchasing a life insurance policy on a key employee, pays the premiums and is the beneficiary of the policy. If that person unexpectedly dies, the company receives the insurance payoff. The purpose of key man insurance is to help the company survive the blow of losing the person who makes the business work. The company can use the insurance proceeds for expenses until it can find a replacement person, or, if necessary, pay off debts, distribute money to investors, pay severance to employees and close the business down in an orderly manner. In a tragic situation, key man insurance gives the company some options other than immediate bankruptcy.

Why PrimeQuote Term Life Insurance for your Key Man Term Life Insurance Quote
There are many reasons to choose PrimeQuote Insurance for your Key Man Term Life Insurance needs.

	You will only be contacted by us; we never sell your personal information to third parties, like insurance marketers or telemarketers.
	Our state-of-the-art quoting database qualifies you for the inexpensive and excellent coverage you need and deserve.
	We provide quotes from a broad array of insurance companies, making sure you receive the best value for your money that the market has to offer.
	Our longstanding history of excellent customer service and our meticulous attention to detail leaves no stone unturned in our effort to provide you with the best term life insurance.
	We only quote rates from highly rated and respectable insurance companies, which means you receive the best coverage out there.
	We pride ourselves on providing personal customer service during extended business hours, ensuring that you always are able to speak with your assigned representative.

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