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What is key person or key man insurance and why is it important? Key person insurance, also known as key man insurance, is a life or disability insurance policy owned by a business on a critical employee such as a CFO, COO, or other key leader. It helps compensate the company for financial loss and transition costs if that individual passes away or becomes disabled. While key person insurance premiums are generally not tax-deductible, the coverage plays an important role in maintaining business

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15K views · 96 reactions | Life is expensive enough, but your medical cover doesn't have to be. Switch to KeyHealth to get the cover you really need without the expensive, unnecessary frills. | KeyHealth Medical Scheme | Facebook

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