key person insurance is important for a company’s survival

The death or disability of a key person often creates economic hardship for a business or nonprofit organization, but life and disability insurance can ease the financial burden caused by the permanent or temporary loss of such an employee, according to the Insurance Information Institute(I.I.I). “Insurance on the life or health of a key individual whose services are essential to the continuing success of an enterprise, and whose death or disability could cause the entity…