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| Protecting Your Key Person |
| As the name goes, the “Key Person” holds the key to a business’s success. He or she is critical in the decision making in a company. Ask yourself these questions: |
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| Who is responsible for the company’s profitability? |
| Who has skills, network and experience vital to the company’s success? |
| How will the business be affected without him or her? |
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| If your answer is a resounding YES to these questions, you may like to consider protecting your business from potential loss of profits in the event this Key Person passes on or becomes permanently disabled. |
| Key Person insurance is purchased and owned by the company. Premium is paid by the company and proceeds are paid to the company upon the death or disability of the key employee. |
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| Buy and Sell Agreement |
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