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Chris Leitch and Nick Springer standing in the lobby of the Commonwealth Centre Office

Key Man Life Insurance

Waht is Key Man Life Insurance?

What if your best sales person is not there any more?

  • Categories: Benefits
  • Also Known As : Business Life Insurance, BOLI, Key Person, Key Man
  • Replacing a key person takes time and money and could cost the business valuable clients during the transition. Key person life insurance offers a death benefit that can help cover financial losses that occur at the death of a key person. This helps assure continuity of the business for employees, customers and creditors.

    Why Magnolia-green?

    The death benefit can be used to recruit and develop a replacement for the previous key employee

    Key Man Life Insurance Available in:

    • 23112
    • 23113
    • 23139
    • Amelia
    • Blackstone
    • Bon Air
    • Bracey
    • Brandermill
    • Charlotte Courthouse
    • Chesdin Landing
    • Chester
    • Chesterfield
    • Dinwiddie
    • Farmville
    • Goochland
    • Hallsley
    • Hanover
    • Harbour Pointe
    • Henrico
    • Isle Of Wight
    • Kenbridge
    • Keysville
    • Magnolia Green
    • Mecklenburg
    • Midlothian
    • Petersburg
    • Powhatan
    • RVA
    • Richmond
    • Scotts Addition
    • Short Pump
    • South Hill
    • Tarrington
    • Victoria
    • Williamsburg
    • Windsor Farms
    • Woodlake


    Insurance Terms to Know

    Soft Costs

    Soft costs are additional construction project expenses such as architectural fees, permits, legal fees, taxes, financing, or lost income.