WELCOME TO THE 

KEY PERSON CALCULATOR

Many businesses are not prepared to survive the loss of a key person. A key person can be an owner of the business or an employee who makes a significant contribution to the success of the business. The death, disability, termination, or retirement of one of these key people would almost certainly lead to the business suffering financial stress or even to the loss of the business itself. A properly designed key person life insurance policy can help protect your family and the business you have worked so hard to create in the event of loss of a key person.
Who is the plan for?
Employee
Business Owner

02 

/ 03
What is the employee’s name?
What is the employee’s annual salary?
$

03 

/ 03
What, if any, additional compensation (bonuses, non-qualified benefits, etc.) does the employee receive?
$
Is the employee over 60 years old?
Yes
No

02 

/ 04
What is the business owner’s name?
How much annual income does the owner receive from the business?
$

03 

/ 04
How much of the business does this person own?
0%
100%
What is the approximate value of the business?
$

04 

/ 04
Is the owner over 60 years old?
Yes
No
Has the business been operating for more than 3 years?
Yes
No