Keyperson Life and Critical Illness Insurance Benefits
Life and Critical Illness Insurance Benefits for Business Owners
Life insurance is a powerful financial tool for business owners that pays a benefit such as $1,000,000 if tragedy strikes and a business owner is no longer alive to guide their company and to continue providing financially for their family.
Critical illness insurance is also a powerful financial tool for business owners that pays a benefit such as $500,000 should they suffer a covered critical illness such as cancer, heart attack or numerous other serious health conditions.
Life insurance and critical illness insurance benefits make business and personal loans, lines of credit and mortgages disappear. These benefits also provide funds to pay for various family expenses.
As part of their benefits plan, every business owner deserves to have at least $1,000,000 of life insurance coverage and $500,000 of critical illness insurance coverage provided to them by their company.
In many cases, as part of their benefits plan companies will also provide additional life and critical illness insurance coverage's to their key employees.