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What is a key-man insurance policy?

What is a key-man insurance policy?

Monday, March 13, 2017, 7:13 PM

Key-man is a person important for the functioning of the business. His/her loss (due to death) might severely impact the functioning of the business. A key man could be the director/founder of the business, a project manager or a sales manager of the business. In this case on the death of the key-man of the company, the policy pays the amounts to the business.
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