Key-person life insurance
The business owns coverage on an essential person and may use proceeds to address disruption, replacement costs, debt, or lost revenue.
Business Life Insurance
Protect the company you built.
Plan for ownership and continuity.
Use appropriately structured life insurance to address key-person risk, ownership transfers, business obligations, and continuity after an owner’s death.
Request business guidance →Coverage overview
Built around your organization—not a template.
A business may depend heavily on an owner, partner, or key employee. Life insurance can provide liquidity when a death affects revenue, leadership, ownership, debt, or the families connected with the company.
Buy-sell funding
Life insurance may provide funds for an ownership purchase under a properly drafted buy-sell agreement.
Business-loan protection
Coverage may help address qualifying business debt or lender requirements when an insured owner or key person dies.
Executive and continuity planning
Selected arrangements may support executive benefits, succession, estate equalization, or other long-term objectives with legal and tax guidance.
A strong fit for
- ✓ Closely held and family-owned businesses
- ✓ Companies dependent on one or more key people
- ✓ Partners planning an orderly ownership transition
How it works
Important choices, explained clearly.
Shale Insurance helps arrange and compare insurance. Legal agreements, business valuation, accounting, and tax advice should come from the client’s qualified professional advisers.
Identify the financial loss
Estimate revenue impact, replacement cost, obligations, ownership value, debt, and the time the business may need to recover.
Choose ownership and beneficiary
The business, individual owners, or a trust may own coverage depending on the objective and professional advice.
Coordinate the agreement
Insurance does not create a buy-sell agreement. Attorneys should draft or review the agreement and tax advisers should review consequences.
Review as value changes
Coverage and agreements should be revisited as ownership, valuation, debt, revenue, and key-person responsibilities change.
What we help compare
Benefits, cost, participation, and long-term value.
Available carriers and plan rules vary. We organize the choices and help the employer understand the tradeoffs before making a decision.
- ✓ Purpose, insured person, owner, beneficiary, and amount
- ✓ Term versus permanent coverage and affordability
- ✓ Business valuation and buy-sell funding structure
- ✓ Carrier underwriting, financial strength, and policy guarantees
PERSONAL SUPPORT FOR EMPLOYERS