Key Man Insurance is no other than a Life Insurance protection to indemnify companies for the cost of replacing a Key executive, boardmember or specialized technician in case they become absent.
The main objective is to cover the economic downfall produced by the dishability or deadth of a single or a group of executives which hold key intrinsical value to the Company. Most of the coverages are temprary policies with terms no more tan 20 years at leveled premium scheme.
