What Is Key Person Life Insurance? 
Key person life insurance covers employees who are big contributors to the income that companies bring in -LRB- e.g. top salesmen , designers , engineers -RRB- , are managers , or are other key employees . This type of worker can be hard to replace , and the time it takes to replace them can result in losses to the company . Therefore , key person life insurance can help alleviate those losses and give the company some finances to help them recruit a replacement . 