Easy Key-Person Insurance for Startups

So you got a term sheet for a SEED round or Series-A, congratulations! But you see this “Key-Person” Insurance requirement, what is that?

Key-person insurance is typically a Term Insurance policy and is used to collateralize a loan or investment or help keep a startup going, knowing that the Founder (or Founders) is the straw that stirs the drink. Insurance helps keep the startup wheels turning heaven forbid the worst case happens. Most VC-backed startups require a 1 million dollar Key-Man policy with the business as the beneficiary, but please check your funding terms.

Please use the app below to help us get the process started, you’ll need your FEIN and business contact info to make the business the beneficiary. Please select “non-medial” options if available as well.