Key-Person Insurance for Startups and Crypto Companies
In early companies, a few people often hold the fundraising relationships, product knowledge, or treasury access.
Key-person life insurance pays the business if one of those people dies, so the company has cash to hire, operate, and stabilize.
Key takeaways
- 01
Proceeds can cover recruiting, temporary revenue loss, lender or investor pressure, and the months it takes to replace someone.
- 02
Keep company-owned key-person policies separate from personal family life insurance. They solve different problems.
- 03
“Key-man insurance” is an older search term for the same product. Stead Life uses key-person.
- 04
Set ownership, beneficiaries, and face amount with your attorney and tax advisor before you bind the policy.
In this guide
- Proceeds can cover recruiting
- Keep company-owned key-person policies separate from personal family life insurance
- “Key-man insurance” is an older search term for the same product
- Set ownership
Recommended next step
Key Person InsuranceSee how Stead Life builds this into a lifelong insurance relationship.Continue learning