Specialty Insurance
Key Person Life | High Limit Disability | Impaired Risk Life
Protects the business from financial loss due disability or death of a critical employee. The business can be compensated for financial loss through key person insurance. The proceeds from a key person policy can provide funds to recruit, hire, and train a replacement, restore lost profits, and reassure customers that business operations will continue.
Many times high income individuals have occupations that come with unique risks. And standard individual and group disability insurance are not enough to compensate the individual for the substantial loss of income due to injury or illness.
An applicant who presents additional risk to an insurer due to a medical condition, hazardous occupation or hobby may obtain coverage. Policy approval and pricing are based on overall applicant profile. In some cases with healthy credits, an applicant may obtain standard pricing.