What is Key Man Insurance?
Key Man Life insurance is a powerful financial tool that can be used to protect and secure your business' future if you should die to soon. In simple terms key man insurance is life insurance on the key person in a business.
When should you consider Key Man Life Insurance?
In a small businesses, the owner, founders or 1 or 2 key employees are crucial to the overall success. If an unexpected death or illness occurred, the business could suffer with that key person's absence. The purpose of key man insurance is to help the business survive the blow of losing the person who runs the day to day business operation. You need key man insurance on those people!
How Does Key Man Insurance Life Work?
A business purchases a life insurance policy on a key employee, pays the monthly premium and is the beneficiary of the life policy. If the key employee unexpectedly dies, the business received the insurance payout since it is the sole beneficiary.
Key Man Life Insurance with Living Benefits:
Most key man life insurance policies only offer a traditional death benefit in the event that the key employee passes away. What if the key employee has a stroke, heart attack or is diagnosed with terminal illness and can no longer work? In this scenario, the business would suffer and would not have access to the key man insurance benefits. Direct Insurance Solutions offers innovative key man life insurance with living benefits at no additional cost. Accelerated Benefits Riders are optional, no-additional premium cost riders that can allow you to access all or part of your death benefit, while living, if you experience a qualifying terminal, chronic, or critical illness, or critical injury. You have the option of accelerating up to 100% of the death benefit up to a maximum of $1,500,000, certain restrictions apply.
Alarming Statistics on Critical Illnesses:
Cancer: According to the National Cancer Institute, a new cancer is diagnosed every 30 seconds. 1 in 2 men and women will be diagnosed with cancer in their lifetime
Heart Attack: According to the American Heart Association, a new heart attack is diagnosed every 34 seconds
Stroke: According to the American Stroke Association, a new stroke is diagnosed every 40 seconds
Why Direct Insurance Solutions?
Award winning insurance agency that has helped thousands find affordable coverage and represents hundreds of regional and national carriers built on the following foundation:
Offer the most affordable and comprehensive insurance solutions regardless of household budget
Offer the best A rated (A.M. Best) insurance carriers
Over 20 years experience to help you navigate through cumbersome underwriting process
Offer best-in-class service
Easy to do business with
Our mission at Direct Insurance Solutions is to get you the coverage you need, the services you want, and the respect you deserve, regardless of your budget. We only offer A Rated (A.M. Best) insurance companies like National Life, American National Insurance Company, Transamerica, AIG and many more
Call for a free no-obligation quote from a Living Benefits Expert: