Key Person Insurance Calculator
Calculate key person life insurance needs for your business based on the person's economic value to the company.
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How It Works
Key person insurance is a life insurance policy the company buys on a critical employee — the business is the beneficiary. If that person dies or becomes disabled, the payout covers lost revenue, recruiting costs, and business disruption. Coverage is typically 5-10x the person's salary. The premium is a tax-deductible business expense in most cases.