Who Should Own Key Man Life Insurance? 
Key man life insurance is for an employee in a business or organization whose loss would put a financial strain on that business or group . Some types of persons who should own key person insurance are top sales people , people who have much knowledge based on years of experience , managers of lots of employees , and/or key decision makers . All these positions take time to develop and to find the right person to replace that key employee . The key man insurance provides money to do the recruiting and operation while the key person is being replaced and trained . 