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Not every business needs key person insurance but it’s possible that yours might if you have any employees that are irreplaceable. Key Person Insurance is a life insurance policy that a company purchases on a “key” person’s life. Learn more about Key Person Insurance here: 👉 https://ayerslaw.co/kp-ins The company pays the insurance premiums and is the beneficiary of the policy. If the person dies, the company receives the insurance payout. The company can use the funds for a variety of purposes. Learn more about my services here 📌 https://andrewmayers.com 🗽 Subscribe for more legal content https://ayerslaw.co/subscribe ⭐ See what my clients are saying about me https://ayerslaw.co/reviews Submit your question to be featured in my Friday 5 video series 🧐 https://ayerslaw.co/friday5 Watch the Friday 5 video series here: 📺 https://ayerslaw.co/watchthe5 ________________________________ ⚖️ 𝙁𝙊𝙇𝙇𝙊𝙒 𝙈𝙀 𝙃𝙀𝙍𝙀 ▷ Official Site: https://andrewmayers.com ► Facebook: https://ayerslaw.co/fb ► Instagram: https://ayerslaw.co/ig ► YouTube: https://ayerslaw.co/yt ► LinkedIn: https://ayerslaw.co/in ► Twitter: https://ayerslaw.co/tw 00:00:00 Does My Business Need Key Person Insurance? 00:01:03 What is Key Person Insurance? 00:02:00 Does My Company Need Key Person Insurance? 00:02:50 How Much Insurance Do I Need? #AndrewMAyers #ayerslaw #business #estateplanning #lifeinsurance #lifeinsuranceplan #lifeinsurancepolicy #attorneyatlaw