Should your business lose an executive, you need to be sure they and their family are properly covered.
In today’s business world, many employees are viewed as easily replaceable. But, let’s face it, not everyone is. There are members of your team who have superior company, product, or industry knowledge that you heavily rely on for success. If your business lost this employee due to death or incapacity, it would require significant time and funding to recover.
Key person life insurance, also known as key man life insurance, or business continuation coverage, offers a lump sum payment upon the death of a key employee, partner, or principal of a company. These policies may be tax deductible and can be offered in the form of a salary increase, which saves income taxes. Your business will benefit from these policies’ positive effects on employee recruitment and retention.
Our employees’ passion and professionalism have earned our company the reputation as a top insurance agency in Midland, Odessa, and Lubbock, TX. We also have remote employees who are licensed to sell and service insurance products in almost every state. Although we specialize in working with oil and gas companies, life insurance products are not specific to any industry. Our team is experienced in fulfilling the insurance needs of businesses of all sizes in a variety of industries.
You can trust InSource to protect your company from the loss of a key executive.
Protect your business with the right insurance through InSource Insurance Group.
