5 Cities Insurance
Key Person Life Insurance for California Businesses
Key person life insurance protects a business against the financial impact of losing a vital employee or owner. The business owns and pays for the policy and receives the benefit on a covered loss. Placing it requires the appropriate authority, which the agency is confirming.
Coverage line pending confirmation
This line is shown for educational purposes. 5 Cities Insurance is confirming whether it offers this coverage and holds the appropriate authority. Until confirmed, this page is not an offer of coverage. Contact us to discuss whether it applies to your business.
Who may need this coverage
- Businesses dependent on key individuals
- Companies with owners central to operations or financing
What it may cover
- Death benefit to the business on the insured key person
- Funds to support continuity or debt
Common exclusions and limitations
- Benefit outside policy terms
- Non-key individuals
FAQ
Key Person Life questions
Ask about this coverage
Contact us to confirm whether this line is available for your business.