Key person, also known as key man life insurance, is a specialized policy a business can purchase for an owner or partner, key executive or another employee considered critical to business operations.

Key man life insurance helps companies reduce the risk of business disruption by paying a death benefit if a critical employee passes away. It is also called key person life insurance. A key man ...

If you run a small business with one or more partners, what should be your priority? Making sure your operating agreement is set? Your budget? Your business plan? While these are all important, many ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Katrina Ávila Munichiello is an experienced editor, writer, fact-checker, and proofreader ...