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Key Man Insurance

Key man insurance is a type of life insurance policy that a business can purchase to protect itself from financial loss in the event of the death or disability of a key employee or executive.



“Anyone can do my job, but no one can be me,” (Harvey Specter, SUITS, Season 5 – Mea Culpa)


We all know that one person who instantly comes to mind when we think about our workplaces. You know the one who seems to be the guiding force and valuable resource for everyone. Chances are that even the business owners rely heavily on this person’s contribution to the business, and that’s what makes him or her a Key Player. While there is no feasible way to preserve the valuable knowledge and investment this person represents, there is a way for business owners to protect the operations of the business from economic loss in the death of this key person!


If you know of this person in your business, reach out to Loomis Insurance for more information about Key Man Life Insurance. We are waiting to work with you!


Deferred Compensation Insurance


By using permanent life insurance, your organization can create a non-qualified plan for your most valued employees. These plans can be used to supplement your employee’s future retirement as well as provide important benefits for the employee’s family in the event of a sudden and unexpected death.


While the amount deferred from your employee’s salary is 100 percent vested, the amount the employer contributes can be subject to a vesting schedule. Such a schedule can create an incentive for long-term employee loyalty.

Employee Benefit


In current Human Resources trends for recruiting and retaining employees, most new hires are looking for important benefits to take care of their families. Benefit packages carry much importance in making career decisions for most people. Be sure your business is a front runner in offering life insurance as a part of a competitive benefits package.

Disability Income Insurance




“Hard things are put in our way not to stop us, but to call out our courage and strength,” (Unknown, Quotes About Disability, 2023).


Life is full of unpredictable moments – a scary medical diagnosis, a sudden injury from an auto accident, and yes, even COVID and other infectious diseases that may take a toll of our health. It is important to offer both Short and Long-Term Disability coverage as a means to equip your personnel with options for physical and economic recovery after the hard times in life. Your business is worth the investment!

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