Quick Tips for Case Design: Key Person Insurance

How Life Insurance Helps Business Owners Manage the Risk of Losing a Key Person 

A major risk to the business is the loss of a key person. To manage the risk, a business can purchase life insurance on the life of a key employee to ensure the company has sufficient liquidity to keep the business running in the event of premature death, or early departure. 

The cash values of a MassMutual^® whole life policy are an asset on the corporate balance sheet that can help offset the longer-term impact of the premium expense. A MassMutual policy with a honeymoon provision* can be designed to close the gap almost entirely in the first 5 years to minimize the impact to the balance sheet. 

Learn more in our Advanced Sales Quick Tips on Case Design to see how a MassMutual Life insurance policy can help business owners manage the risk of the loss of a key person.