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What Is a Key-Person Life Insurance? How Does It Influence

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What is a key-person life insurance? How does it influence a buy-sell agreement?


Definitions:

Fixed-Income

Investments that generate a regular, fixed amount of income, typically through interest or dividends, like bonds and treasury bills.

Net Asset Value

The total value of a fund's assets minus its liabilities, often used to determine the value of a share of investment such as in a mutual fund or ETF.

Year-End Assets

The total value of all assets owned by an entity at the end of a financial year.

Liabilities

Financial obligations or debts that an entity owes to others, which can impact a company's net worth and financial health.

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