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Safeguard Your Business’s Most Valuable Asset – Its People.
Key Person Life Insurance safeguards your company by providing financial support if a crucial team member passes away. It ensures business continuity, covers potential losses, and gives you time to recover and rebuild without compromising stability.
Every business has individuals whose skills, knowledge, or leadership are vital to its success—owners, executives, top salespeople, or technical experts. Key Person Life Insurance is designed to protect your company financially if one of these essential team members passes away unexpectedly.
This type of policy provides a death benefit to the business, helping cover losses, maintain operations, reassure stakeholders, and fund the recruitment or training of a replacement. It’s not just protection—it’s a strategy for resilience and long-term business continuity.
At Bora Financial Services, we work with you to identify key individuals and structure the right policy to fit your unique needs—ensuring your business stays strong, even when facing the unexpected.
It’s a policy taken out by a business on a vital employee or owner, with the company as the beneficiary.
It helps cover financial losses and maintain stability if a key employee passes away or becomes disabled.
Common methods include a multiple of income or the cost of replacement and potential lost revenue.
Three common methods that are used. The simplest method is the multiple of income method and often a multiple of income method and often a multiple of five or seven is applied. Another method is the cops of replacement method. This method considers such things as expenses to recruit, hire and train as well as salary. Your legal or tax advisor can assist you with which method is most appropriate for your business.
CEO and Founder of Bora Financial Services
Insurance Policies Specialist
These days, it’s especially important to have a trusted professional guiding your choices. With 10 years’ experience, I’ll personally evaluate your situation and needs. Together, we’ll help protect your family’s wealth, lifestyle, and future.
Peace of Mind for Every Chapter of Life.
Your living benefits – life insurance that you access the death benefit before death, gives you strength through life’s toughest turns.
Because life doesn’t always go as planned — but your protection can.
