How long does Key Person Life Insurance provide coverage?

The coverage period for Key Person Life Insurance varies based on the chosen policy type. Term life insurance typically offers coverage for fixed periods, such as 10 or 20 years, suitable for short to medium-term needs. On the other hand, permanent policies like universal life insurance can provide lifelong coverage, ensuring protection throughout the key person's lifetime, aligning with long-term business strategies.

Still have questions?

Please contact our office and we'll be happy to address any questions you may have.