Ashburn
Relyance Insurance Services
703-723-6600

Warrenton
Relyance Insurance Services
540-347-4460
 



info@relyinsure.com

Independent Insurance Agents
Serving the Mid Atlantic Region

Life  

IN THIS SECTION

  Term
  Permanent
  Key Man
  Group
  Annuities

Key Man Life Insurance 

This type of life insurance helps provide a business with protection against the economic loss it could suffer from the death of a key employee. The key employee is the insured, while the business owns the policy, pays the premiums, and is the beneficiary.  At the death of the key employee, the business receives the life insurance proceeds free from federal income tax. Unless the key person was a majority owner in the business, there are no estate tax consequences for the insured key person.

Other types of Business Life Insurance include funding for Buy-Sell  Agreements.

 

 





 



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