Key person coverage provides income to the business if a key employee becomes disabled (Key person is a person working for the business or an owner with less than 51% ownership in the business). Coverage is payable to the employer or business. Business determines how to utilize the benefit.

Issue ages are 18-55

Issue amounts: up to two times salary.

Issue limits: $500,000, with standard carriers. High limit coverage available as well

Benefit periods: lump sum or lump sum with monthly payout from 90 or 180 days