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Glossary > K > "Keyman / keywoman insurance" Definition

Keyman / keywoman insurance

An insurance policy taken out on the life of a company executive or senior employee whose death would cause significant loss to the company. In the event of such a death the proceeds of the policy would be payable to the company.

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Keyman / keywoman insurance \ An insurance policy taken out on the life of a company executive or senior employee whose death would cause significant loss to the company. In the event of such a death the proceeds of the policy would be payable to the company.

Keyman / keywoman insurance / an insurance policy taken out on the life of a company executive or senior employee whose death would cause significant loss to the company. in the event of such a death the proceeds of the policy would be payable to the company.