Key person insurance, key person insurance policy, Key Person Insurance Solutions, Key Insurance

Key Person Insurance Solutions

Most companies have employees that they couldn’t live without—technical experts, salespeople with irreplaceable relationships, or possibly even the CEO or owner. If your business has indispensable executives or staff members, you may want to consider key person insurance.

Key person coverage is designed to protect businesses from economic damage that might result from the sudden loss of crucial employees. It has become a necessity at many companies now that venture capital firms, banks and other lenders have begun to require key person insurance as a condition for financing.

SunTrust Investment Services, Inc. offers a wide range of key person policies, including life and disability coverage and business overhead insurance, which provides businesses with the funds they would need to continue operating should their owners become disabled.

Key person insurance can protect your business from the loss of crucial employees in a number of ways:

  • Provides funding to find, recruit and train replacements
  • Helps replace profits that were lost as a result of a key employee’s disability or death
  • Bolsters balance sheets to help reassure creditors about the continued viability of the business
  • Enables businesses to buy back stock from the estate of a majority owner

A SunTrust advisor can explain the benefits and options, and help you determine if key person coverage is right for your company. Speak with a SunTrust representative at 866.495.5416

Protect your business

Many company owners are so closely involved in day-to-day operations that if they were temporarily incapacitated by a serious illness or accident their businesses would be at risk. Business overhead policies available through SunTrust Investment Services, Inc. ensure that businesses have the funds they need to continue operating until their owners are back on the job.

Protect your family

SunTrust Investment Services, Inc. offers a range of personal insurance policies for business owners and key executives, including life and disability coverage, that provide family members with replacement of lost income. It also offers long-term care insurance to cover the costs of an extended stay in a nursing home or rehabilitation facility.

Disclaimers

Insurance products and services are not insured by the FDIC or any other government agency, are not a deposit of the bank or guaranteed by the bank, and are not a condition to any banking service or activity.

Insurance products and services are offered through SunTrust Investment Services, Inc., a licensed insurance agency.

Contact Us

To reach a SunTrust representative:

Securities, Investment and Insurance Products and Services:

  • Are Not FDIC or any other Government Agency Insured
  • Are Not Bank Guaranteed
  • May Lose Value

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