Key Person Insurance

Key Person Insurance is a life insurance policy that a business purchases on the life of a key employee to help the company survive financially if something were to happen to the employee. The key person policy can either be term or permanent insurance.


Life insurance death benefits can potentially:

• Provide tax-free proceeds to cover financial losses that may occur at the death of a key person

• Offer the funds to pay off or pay down business debts

• Assure customers, creditors and other employees of the stability of the company

• Provide funds to recruit, hire and train a suitable replacement


Key Person Disability Insurance

In addition, to insuring against the loss of a key employee, you may want to consider insuring against the possibility of your key employee becoming disabled. The chances of a key employee becoming disabled are not as remote as you may think – one in four 20 year-olds will become disabled before they retire.*  With key person disability insurance upon the disability of the key employee, the employer receives funds for the loss of the key employee from the business.


Advice Focused On You

Our Financial Advisors can help you figure out what type of insurance is right for you and your business. Call us at (800)392-3009 to schedule an appointment.

Related Information

  • Getting Started
    Call us at 1-800-392-3009


* Source: Council for Disability Awareness

Investment and Insurance Products:

  • Not Insured by FDIC or any Federal Government Agency
  • Not a Deposit of or Guaranteed by a Bank or any Bank Affiliate
  • May Lose Value

Investment and insurance products are offered through People’s Securities, Inc., a Broker/Dealer, member of FINRA and SIPC, an insurance agency and a registered investment advisor. People’s Securities, Inc. is a subsidiary of People’s United Bank, N.A. Investment products may involve risk, including possible loss of principal.

Business Continuity Plan | Commission & Fee Schedule | Margin Disclosure | Financial Statement | Cost Sharing Arrangements | Order Routing Disclosure | Day Trading Disclosure | BrokerCheck


Find Branch & ATM

Get locations, hours, directions, and available services for branches and ATMs near you.