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Key Person Insurance

Key employees are those people who are critical to the success and profitability of your business.

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.

The LPL Financial registered representative associated with this site may only discuss and/or transact securities business with residents of the following states: AL, AR, AZ, CA, CO, FL, GA, IA, ID, IL, IN, KY, MI, MN, MO, NC, NV, NY, OR, SC, TX, UT, VA, VI, WA and WI.

Securities offered through LPL Financial, member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates. The investment products sold through LPL Financial are not insured Byron Bank deposits and are not FDIC insured. These products are not obligations of the Byron Bank and are not endorsed, recommended or guaranteed by Byron Bank or any government agency. The value of the investment may fluctuate, the return on investment is not guaranteed, and loss of principle is possible.

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