Protect What Your Business Can't Afford to Lose
Every business has people who are irreplaceable. Key Person Insurance ensures that losing a critical team member — to death or disability — doesn't threaten the entire business.
of Canadian businesses are small businesses — few have formal succession plans
annual salary is a common key person insurance benchmark
death benefit received by the corporation upon key person death
average time to recruit and train a replacement senior executive
Coverage & Strategies
Tap the ⓘ icon for details on each coverage type and strategy.
Death benefit paid to the business if a key person dies
Monthly benefit if a key person becomes disabled and can't work
Covers outstanding business debt if a key person dies or is disabled
Life insurance that funds partner buyouts on death or disability
Tax-advantaged benefits designed for key executives
Structured transfer of business ownership upon death or retirement
How Much Coverage Do You Need?
Lost Revenue Rule
Estimate 1–2 years of revenue the key person generates or influences.
Replacement Cost Rule
Recruitment, training, and onboarding a replacement: 6–12 months salary.
Debt & Loan Coverage
Outstanding business loans or lines of credit guaranteed by the key person.
Buy-Sell Valuation
Based on the fair market value of the departing partner's share.
Which Businesses Need Key Person Insurance?
Protect Your Business
Marie will assess your business structure, identify key risks, and recommend the right coverage — coordinating with your accountant and legal team where needed.