Principal® offers a variety of business protection solutions, so you can create a customized plan that best fits your business needs.
Key person life insurance
Key person life insurance policies generally pay an income-tax-free* death benefit to the business to help offset the financial hardship of losing an owner or key team member.
ESOP repurchase plans
ESOP repurchase plans use life insurance to provide necessary liquidity for meeting the repurchase obligations of an Employee Stock Ownership Plan (ESOP).
Key person replacement disability insurance
Key person replacement disability insurance provides funds for recruitment, training, temporary staffing costs, and other needs after a total disability claim.
Overhead expense insurance
Overhead expense (OE) insurance provides reimbursement to cover immediate overhead costs if a business owner becomes too sick or hurt to work.
If the loss of a key employee or owner would create a financial challenge that puts the business at risk, talk to your financial professional about solution options.