Key Person Life Insurance

For Individuals and Families in TX, CA, OK, AR, TN and AZ
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Protect the People Who Power Your Business

Your most valuable business asset might not be your product—it could be a key partner, executive, or lead producer. Key Person Life Insurance from Affluence Insurance Services helps secure your business from financial loss if a critical team member passes away. It’s not just coverage—it’s continuity.

What's Covered

Key Person Life Insurance typically includes:

  • Death Benefit Payout

    Provides a lump sum to the business upon the insured individual’s death.

  • Coverage for Business Leaders

    Protects owners, founders, executives, or anyone whose absence would significantly impact operations.

  • Customizable Limits

    Policy amounts can be tailored to reflect your revenue, debt obligations, or recruiting costs.

Insure with Affluence

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Continuity Planning

Provides vital funds to keep your business running smoothly during transition or restructuring.

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Recruitment & Retention

Covers costs to find, hire, and train a qualified replacement.

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Debt Protection

Lenders may require key person insurance for financing—this gives them confidence and gives you flexibility.

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Adds Value to Buy-Sell Agreements

Can fund buyout terms in partnership structures and shareholder agreements.

Frequently Asked Questions

  • Who qualifies as a key person?

    Anyone whose knowledge, skills, or revenue contribution is essential to business continuity—owners, executives, and top talent are common.

  • Is this policy owned by the business or the individual?

    Typically, the business owns the policy, pays the premiums, and receives the death benefit.

  • Can we insure more than one person?

    Yes, you can purchase multiple policies to protect different individuals who are vital to your company’s success.

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Get a Quote

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Protect the Visionaries and Doers Behind Your Success

With Key Person Life Insurance, you safeguard your company’s future—no matter what the future holds. Let Affluence Insurance Services help you build that safety net today.