Protecting the Business & Balance Sheet

The Cash Value Advantage for Key-Person Insurance Planning: MassMutual Whole Life HECV 

Behind highly successful companies are select key contributors who drive company growth. 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. The liquidity can help offset lost profits, provide assurances to creditors of financial viability, and help fund a replacement.