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  • Writer's pictureRetirement and Annuity Advisor Jennifer Lang

If You Own One of These Types of Businesses, It's Time to Consider Key Employee Insurance.

Key Employee Insurance for Every Type of Business

Whether you're in a partnership or a C corporation, there's a type of key employee insurance to protect your business.

  • Partnership: Each partner can own a policy on the other partners, or the business itself can own the policy.

  • S Corporation: The corporation owns the policy and is the beneficiary.

  • C Corporation: The corporation is theowner and beneficiary of the policy.

  • Sole Proprietorship: Technically, all financial obligations become the responsibility of the estate, not the business itself. Individual life insurance may be the answer here.

If you're not sure what kind of insurance your business needs, contact us today for a personalized consultation.

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