Protect Your Business From the Unexpected.
Every successful company has people it simply can’t afford to lose. At Rocky Mountain Insurance Advisors (RMIA), we help Castle Rock business owners safeguard their companies with Key Person Life Insurance — ensuring stability, continuity, and financial protection if a vital team member passes away.
Key Person Life Insurance (also called Key Man or Key Employee Insurance) protects your business against financial loss if an essential owner, executive, or employee dies or becomes disabled.
Your company owns the policy, pays the premiums, and is the beneficiary — receiving a tax-free payout to help offset losses, recruit a replacement, or maintain operations.
This coverage isn’t just about people — it’s about protecting the knowledge, leadership, and relationships that make your business thrive.
In small and mid-sized companies across Douglas County, one or two key individuals often drive most of the revenue or customer relationships. Losing them suddenly can disrupt operations, profitability, and growth.
Key Person Insurance helps businesses:
Cover lost revenue during the transition period
Pay off business loans or obligations tied to the key individual
Fund recruitment and training for a replacement
Reassure investors, lenders, and partners of financial continuity
Protect ownership value during succession or sale
Whether you run a family-owned shop in downtown Castle Rock or a growing professional firm, RMIA tailors coverage to your company’s structure and goals.
Any individual whose knowledge, reputation, or leadership is critical to your business’s success may qualify, including:
Founders and business owners
Chief executives or managers
Top sales or client-relations leaders
Technical experts or inventors
Partners with ownership equity or unique skills
Your Business Owns the Policy – The company applies for, owns, and pays for the policy.
The Key Person Is the Insured – Coverage is based on their role, salary, and business value.
Your Business Is the Beneficiary – In the event of death, the business receives a tax-free death benefit to sustain operations.
RMIA helps Castle Rock businesses select from several flexible options:
Term Key Person Life: Affordable coverage for a set period (10–30 years) to protect during growth or debt repayment.
Permanent Key Person Life: Lifelong protection with cash value accumulation — ideal for succession planning or buy-sell funding.
Key Person Disability Insurance: Provides financial support if the key individual becomes disabled and can’t work.
Independent & Business-Focused: We partner with top life insurance carriers and tailor coverage to your company’s financial plan.
Castle Rock Expertise: Serving local business owners since 2003 — from professional services to manufacturing and logistics.
Confidential Consultations: We respect your privacy and provide clear, jargon-free advice.
Seamless Setup: We handle paperwork, underwriting, and carrier coordination — start to finish.
Any owner, executive, or employee whose death or disability would cause major financial loss to your company.
We typically recommend coverage equal to 5–10 times the person’s annual compensation, adjusted for debt, revenue impact, and replacement costs.
Premiums are generally not tax-deductible, but the death benefit is usually received tax-free. Consult your tax advisor for specifics.
Yes. Key Person Disability Insurance pays benefits if the insured can’t work due to illness or injury — an important complement to life coverage.
With simplified underwriting, many policies can be approved within a few weeks. RMIA manages the entire process for you.
Experience clarity, confidence, and care with every step — from discovery to claim.
We assess your coverage needs and explain everything in plain language — no jargon, no confusion.
As an independent agency, we partner with multiple carriers to bring you the most competitive coverage options.
When you have a question, change, or claim — we’re just a call away, ready to assist you personally.
Protecting your most valuable people protects your entire business.
Let RMIA design a Key Person Life Insurance plan that keeps your company stable and your legacy secure.
