What is Key Man Insurance?

If you’re running a business, then you definitely need key man insurance! This is a form of business insurance that provides coverage for a company’s most crucial employees, helping an organization remain on its feet after the unfortunate demise of its key executives.

For small businesses and startups, this coverage typically applies to the owner(s), founder(s), and one or two key employees. For larger organizations, the list can extend to a greater number of important figures and company heads who play an instrumental role in its operations and progress. These are individuals who’re vital to the company’s success, without whom the business may be unable to hold its own ground. If you have certain employees at your organization whose absence will negatively impact your company’s growth and result in a huge loss of income, then this business insurance policy is for you.

When you purchase a key man insurance policy for your business, your company is the beneficiary. If your key employee dies unexpectedly or is met with a disability that prevents them from continuing work, then your company will receive the insurance payoff. This helps in the company coping with and surviving the sudden loss of its key player, and using the insurance proceeds to remain financially grounded in these make-or-break circumstances. It also prevents the company from facing sudden and immediate bankruptcy.

Protect Your Business with the Right Insurance Policy

IFG Insurance Brokerage provides businesses with key person insurance to help them stay financially stable when tragedy strikes. By providing coverage to your key employees, we ensure that your company won’t crumble in case of unexpected death or disability, and will be able to succeed in the current economy. Make a smart choice for your business and sign up for our insurance policy!

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    The IFG Insurance Brokerage Three Step Process


    In our first meeting, we’ll get to know each other. We will talk about what your financial objectives are, and what it is that you’d like to accomplish with your financial plan. We will also share a little bit about our financial planning strategies and what we can do to help you achieve your goals.

    Building Your Plan

    In our next meeting, we will begin building your plan. We will cover Social Security, Pensions, 401k’s, and Medicare, as well as your lifestyle and other factors that can affect your retirement income. We will also discuss how to protect your financial future from unexpected expenses and life events.

    Proactive Management

    As life changes, so should your plans. We will meet with you on a regular basis to re-evaluate your financial plan and make adjustments as necessary. We will work hard to ensure that you are always on target to achieve all your financial goals and objectives.