Key Person Insurance
What is Key Person Life Insurance?
Key person business life insurance is insurance taken out by your business that will cover a person or persons within your business that are essential to business operations. You identify the key person, life insurance is bought by your business on the key person and your business pays the premiums. In the case of death of the key employee(s), your business will receive the benefits to keep your business running as it should without significant loss. This will provide the funds necessary to find, hire and develop a replacement for the key person. Key person life insurance will protect the collateral of your business.
Byron Bank has a professional staff of advisors who can help you identify and insure the key employee(s) and protect your business from significant loss.
Set up a free appointment!
- Call (815) 234-4075 or e-mail us at [email protected] and we will be very happy to set up a free appointment for you. Successful management of your finances is the key to you and your family enjoying tomorrow.
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Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker/dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Byron Financial Services are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using Byron Financial Services, and may also be employees of Byron Bank. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of Byron Bank or Byron Financial Services. The Byron Financial Services site is designed for U.S. residents only. The services offered within this site are offered exclusively through our U.S. registered representatives. LPL Financial registered representatives associated with this site may only discuss and/or transact securities business with residents of the follow states: AR, AZ, CA, CO, FL, GA, ID, IL, MD, MN, MO, NC, NV, OR, SC, TN, UT, WA, WI, and WY. Securities and insurance offered through LPL or its affiliates are: