Business continuation is difficult enough under normal circumstances, but if it takes place following the unexpected death of a key person or owner, the complications can increase exponentially. (ufcu.pfyfn.com)
• It can be used to cover the risk of business loss due to untimely death of key persons by cash strapped enterprises as key man insurance at low cost. (tomorrowmakers.com)
Life insurance can protect against the untimely death of a key person and create an influx of cash into the business during this transitional period. (pacificinsurancegroup.com)