Executive Benefit Insurance: Ensuring Financial Security for Key Leaders
Executive benefit insurance is a specialized form of insurance designed to protect the financial well-being of an organization’s top executives. It provides coverage for various contingencies, such as death, disability, or retirement, ensuring the continuity of leadership and safeguarding the company’s future. For instance, a technology company might secure key person insurance to mitigate the financial impact of losing its CEO, whose expertise and vision are critical to the company’s success.