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Glossary > K > "Key Person Insurance" Definition

Key Person Insurance

A type of life insurance policy that a company purchases on the life of the company"s key executive.

Insurance designed to protect a business against the loss of income resulting from the disability or death of an employee in a key position.

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Key Person Insurance - A type of life insurance policy that a company purchases on the life of the company"s key executive.

Insurance designed to protect a business against the loss of income resulting from the disability or death of an employee in a key position.

Key Person Insurance : a type of life insurance policy that a company purchases on the life of the company"s key executive.

insurance designed to protect a business against the loss of income resulting from the disability or death of an employee in a key position.