Are you an important person in your company?

Okay. That sounds a little bit inappropriate. Maybe I should put it this way. Are you a key person or the key man in your company? Well if you are a CEO who has the final say or perhaps a key financial person, chances are you may be one. What happens when something unexpected happened like you suddenly decided to leave for a better package with the company next door who has been sending you first class tickets to the Dodgers game or maybe God want you more in ehem.. heaven?

Now as a very responsible person, you would have thought ahead. You might have pondered with the “what if” questions. Well, good thing there is such thing as a key man insurance! Yep. Never thought there was such a thing did you? This type of insurance was actually designed to compensate a company for the loss of an important employee. It’s really a type of term life insurance.

Okay, maybe you’re the boss and you have a few key people that you would want to be insured so the company will have immediate cash to help the business survive in case of a loss. Now you know.

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