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Glossary   >   E   >   "Executive insurance" Definition            Executive insurance In the US, an insurance policy taken out on the life of a company executive or senior employee whose death would cause significant loss to the company. In the event of such a death the proceeds would be payable to the company. Known as "keyman insurance" in the UK. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Executive insurance - In the US, an insurance policy taken out on the life of a company executive or senior employee whose death would cause significant loss to the company. In the event of such a death the proceeds would be payable to the company. Known as "keyman insurance" in the UK.