Definition Life insurance purchased by a company or investor on the life of a key executive. Usually the company is the policy's beneficiary. also called key person insurance.

See Key Man Life Insurance.

Business life insurance is life insurance bought by a company or investor on the life of persons who are critical to the life of the company. It ensures the continued function of a company in the even [..]

Life insurance purchased by a business enterprise on the life of a member of the firm. It is often bought by partnerships to protect the surviving partners against loss caused by the death of a partne [..]

Life insurance purchased by a business enterprise on the life of a member of the firm. It is often bought by partnerships to protect the surviving partners against loss caused by the death of a partne [..]

Life insurance purchased for business rather than personal purposes. Examples are insurance owned by a business on the life of a key employee and insurance owned by a business partner on the life of another partner.

Life insurance purchased for business rather than personal purposes. Examples are insurance owned by a business on the life of a key employee and insurance owned by a business partner on the life of a [..]

Life Insurance purchased by a business enterprise on the life of a member of the firm. It is often bought by partnerships to protect the surviving partners against loss caused by the death of a partne [..]