Key Person Life Insurance

Key person life insurance to protect your company.

Key person life insurance can keep your business afloat in the event of the death of any employee who is an integral asset to the company’s survival. We’ll work with you to design coverage that helps assure the continuity of your business for employees, customers, and creditors.

 

Insurance coverage that businesses should not overlook.

You might describe the skills and knowledge of the senior staff as priceless, but if anything happened to them, the financial losses for your business could be very real. That’s why you need to safeguard the future of your business with key person life insurance.

Ensure the continuation of your business.

Where ordinary life insurance compensates a person’s financial dependents for loss of income, key person life insurance is all about the costs a business faces when the person dies. It’s best suited for staff who are so vital to the company’s operations that it could struggle to survive without them.

What does key person life insurance have to offer?

The payout from a key person life insurance policy will ideally help the company stay afloat while the other members of your staff come to grips with running the business, or until your business hires a suitable replacement and brings them up to speed.

Additional payout options for every situation.

In the worst-case scenario, the payout could instead be used to wind down operations in a controlled manner rather than face the chaos and damage of a forced liquidation. In addition to paying out when a key staff member has passed away, some key person policies will also pay out if the person is diagnosed with a terminal illness or suffers a critical illness that means they can no longer work.

Key person life insurance is a great way to protect your business. If you think this might be a good fit for your business, let us know. We can walk you through your options.

CUSTOMERS ARE SAYING...

Terry Carroll saved me almost $100 month on my car insurance including a rental insurance policy. Awesome experience!
Jack Johnson
Jack Johnson
Terry is excellent in what he does
Leonard Palmer
Leonard Palmer
Terry is very professional and researches the best insurance plans for your needs.
Curtis Summers
Curtis Summers
I love having a hometown agent! Thank you, Terry and staff!
Kim Smith
Kim Smith
Great company.
Brad Davis
Brad Davis
Friendly and helpful!
Denise Roberts
Denise Roberts
Terry provided me with information almost immediately. He comparison shopped my policies and I was happy with the results.
Eva Marie Mitchell
Eva Marie Mitchell
Terry and his team will take care of you like you're their only customer.
Mark Riddle
Mark Riddle
always there for me
JIM BEASLEY
JIM BEASLEY
They take the time with you to get best coverage at price you need. Haven't had to file a claim but expect if I have to it will go well.
Jules James
Jules James
Creswell Agency has handled our personal and business insurance for many years. They are quick to handle any issues that come up and always get us the best rates possible.
Tammy Owens
Tammy Owens
WOW! We actually found an insurance company that has our back! Terry reviewed our policy's from another company and found that we did not have the correct coverage for our needs. As a result, we moved ALL of our insurance to Creswell Insurance. Terry is very easy to work with and is always available to answer questions and provides excellent customer service. We now have insurance coverage that better fits our needs and at a reasonable price! Thank you Dave Ramsey for helping us find the Crewell Insurance Agency in Milan, TN!
Dawn Woodruff
Dawn Woodruff
Glad to speak with someone who could answer my questions about coverage without stating they would get back to me.
Buddy Crenshaw
Buddy Crenshaw
Great folks working at Creswell Insurane Agency. Terry has been super helpful and was always easy to get in contact with.
Dale Ables
Dale Ables
Mr. Terry Carrol was very professional and his follow ups where very pleasant not pushy at all it was refreshing. Would and have referred him to others
Matthew Anderson
Matthew Anderson
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“How many people can say their insurance agent has called them after a hail storm went through, first to make sure you are ok, and second to make sure there was no damage? I can!”

- Mandy Latham Robertson

2038 W Van Hook St., Milan, TN 38358

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Your independent agents at Creswell are ready to find you the best coverage!

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