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Protecting your business also means protecting your most valuable assets … your people

When a business loses a key employee, it can suffer financial loss from one or more of these factors:

  • Cost to find and train a replacement
  • Disruption of management
  • Reduction in earnings
  • Impairment of creditor
  • Possible loss of customers

Protection against the financial consequences to a business of the loss of the intellectual and/or entrepreneurial skills of its key personnel resulting from their death maybe even more important to the financial health of a business than protecting against the loss of physical property.

Ask yourself the following question – if a key person in your company died today, would it adversely affect your business profits?

A life insurance death benefit on a key employee can be a cost-effective means of providing funding to help recover, thus protecting the economic welfare of the business.

Contact a Business Life Insurance specialist at Mountain Insurance to determine what type of plan is best for your business.

The simple way to access the best Business Life for Key Person Insurance options in Denver.

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We design a plan to fit your budget

We do a thorough analysis to balance needs versus budget.

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Most common Denver Key Person Life Insurance questions from our clients

How do you determine the amount to insure a key person?

Calculating an employer’s expected financial loss normally requires the anticipated cost to recruit and train a replacement to be added to the estimated amount of lost business earnings resulting from the key person’s death.

What do you mean by the term “Key Person”?

Clearly, it includes employees and owners whose employment is important to the continued success of the business. Any person should be considered key to the success of the business if he or she:

  • Makes a substantial business contribution
  • Possesses critical information or knowledge
  • Maintains and nourishes key contracts and relationships

What type of life insurance policy is best a key person?

As with all decisions to purchase life insurance, it comes down to needs versus budget. While Permanent Life Insurance offers an employer greater flexibility, a business for whom the premium for Permanent Life Insurance is too expensive should purchase Term Life Insurance. The preferred Permanent Life Insurance policy to meet life insurance needs is Universal Life or Indexed Universal Life. The advantages are:

  • Increase or reduce the premium payment (or no payment at all) depending on the employer’s cash flow at the time the premium is due.
  • Ability to take cash value withdrawals and/or loans on a favorable tax basis.
  • Increase (with evidence of insurability) or decrease the policy’s death benefit to meet business needs.

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303 420-4774
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