When One Person Is Irreplaceable, Your Plan Shouldn’t Be

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Every business has someone whose knowledge, relationships, or leadership is vital to operations. If that person were to unexpectedly pass away, would your company survive the financial and operational shock?

At Exit IQ, we help business owners plan for the unthinkable with Key Man Life Insurance—a strategic tool to protect your company, stabilize your team, and ensure continuity no matter what the future holds.

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What Is Key Man Life Insurance?

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Key Man Life Insurance (also known as Key Person Insurance) is a life insurance policy that a business takes out on an essential employee, owner, or executive. The business pays the premiums and is the beneficiary of the policy.

If the key person passes away, the company receives the death benefit—providing crucial funds to:

• Offset lost revenue

• Recruit or train a replacement

• Cover debt obligations

• Maintain investor and customer confidence

• Protect business value during a sale or transition

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Without a key man plan in place, your business may face:

• Operational disruption

• Delayed sales or exits

• Loss of clients or investor trust

• Decreased business valuation

• Financial instability or even closure

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With the right coverage:
Your business stays financially stable
You gain time to transition or recover
Stakeholders remain confident
Your exit plan remains on track

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Who It’s For

• Founders and co-founders

• CEOs, CFOs, and critical executives

• Top sales producers or relationship holders

• Technical experts with irreplaceable knowledge

• Any business preparing for exit or sale