For an employee who owns no equity in the business, the maximum amount of key employee life insurance a business can buy is 10 times the employee's annual income. (keypersoninsurance.com)
The 25 year term life insurance policy is also used for key employee life insurance. (lifeinsurancehub.net)
It also can help with implementing tax - advantaged retirement benefits for key employees as well. (lifeinsurancebyjeff.com)