{"id":13428,"date":"2026-11-10T16:44:52","date_gmt":"2026-11-10T16:44:52","guid":{"rendered":"https:\/\/nrcpas.com\/life-insurance-guides\/key-person-insurance\/key-person-insurance-franchise-multi-location\/"},"modified":"2026-11-10T16:45:00","modified_gmt":"2026-11-10T16:45:00","slug":"key-person-insurance-franchise-multi-location","status":"publish","type":"page","link":"https:\/\/nrcpas.com\/life-insurance-guides\/key-person-insurance\/key-person-insurance-franchise-multi-location\/","title":{"rendered":"Key Person Insurance for Franchise Owners in Florida"},"content":{"rendered":"\n<div class=\"wp-block-cover alignfull is-dark chg-hero\" style=\"min-height:460px;aspect-ratio:unset;\"><span aria-hidden=\"true\" class=\"wp-block-cover__background has-background-dim-60 has-background-dim wp-block-cover__gradient-background has-background-gradient\" style=\"background:linear-gradient(90deg,rgba(32,36,46,1) 0%,rgba(32,36,46,1) 55%,rgba(32,36,46,0.7) 100%)\"><\/span><img class=\"wp-block-cover__image-background wp-image-4131\" alt=\"A senior operations manager reviews production schedules at a workstation in a busy manufacturing facility, with colleagues working in the background.\" src=\"https:\/\/nrcpas.com\/life-insurance-guides\/wp-content\/uploads\/2026\/10\/a-senior-operations-manager-reviews-production-schedules-at-photo-12.jpg\" width=\"1376\" height=\"768\" srcset=\"https:\/\/nrcpas.com\/life-insurance-guides\/wp-content\/uploads\/2026\/10\/a-senior-operations-manager-reviews-production-schedules-at-photo-12-150x150.jpg 150w, https:\/\/nrcpas.com\/life-insurance-guides\/wp-content\/uploads\/2026\/10\/a-senior-operations-manager-reviews-production-schedules-at-photo-12-300x167.jpg 300w, https:\/\/nrcpas.com\/life-insurance-guides\/wp-content\/uploads\/2026\/10\/a-senior-operations-manager-reviews-production-schedules-at-photo-12-768x429.jpg 768w, https:\/\/nrcpas.com\/life-insurance-guides\/wp-content\/uploads\/2026\/10\/a-senior-operations-manager-reviews-production-schedules-at-photo-12-1024x572.jpg 1024w, https:\/\/nrcpas.com\/life-insurance-guides\/wp-content\/uploads\/2026\/10\/a-senior-operations-manager-reviews-production-schedules-at-photo-12.jpg 1376w\" sizes=\"(max-width: 825px) 825px, 100vw\" fetchpriority=\"high\" decoding=\"async\"\/><div class=\"wp-block-cover__inner-container has-global-padding is-layout-constrained wp-block-cover-is-layout-constrained\">\n<p class=\"chg-eyebrow has-base-color has-text-color wp-block-paragraph\" style=\"text-shadow:0 1px 3px rgba(0,0,0,0.6),0 0 18px rgba(0,0,0,0.35)\">Key Person Insurance | Florida Franchise Owners<\/p><h1 class=\"wp-block-heading has-base-color has-text-color\" style=\"text-shadow:0 1px 3px rgba(0,0,0,0.6),0 0 18px rgba(0,0,0,0.35)\">Plan Ahead for the People Your Franchise Depends On<\/h1><p class=\"has-base-color has-text-color wp-block-paragraph\" style=\"font-size:clamp(0.875rem, 0.875rem + ((1vw - 0.2rem) * 0.625), 1.25rem);text-shadow:0 1px 3px rgba(0,0,0,0.6),0 0 18px rgba(0,0,0,0.35)\">A coverage review looks at your franchise agreement, ownership structure and cash flow before any policy is discussed.<\/p><div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\"><div class=\"wp-block-button chg-cta chg-cta-call\"><a class=\"wp-block-button__link wp-element-button\" href=\"tel:+13058723096\">Call us today to schedule a coverage review<\/a><\/div><div class=\"wp-block-button chg-cta chg-cta-form\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/nrcpas.com\/contact\">Call us today to schedule a coverage review<\/a><\/div><\/div>\n<\/div><\/div>\n\n\n<p class=\"wp-block-paragraph\" style=\"font-size:0.85rem;color:#6b7280;margin-bottom:1.5rem\">By Nischay Rawal \u00b7 Published November 10, 2026<\/p>\n\n<article lang=\"en\">\n\n\n<p>A franchise owner with several locations often relies on one general manager or operator. If that person died or could no longer work, payroll, loans and franchise duties could all feel the strain at once. Key person insurance for franchise owners is built to address that gap.<\/p>\n<p>Key person insurance is life insurance that a business owns on someone it depends on. The business is the beneficiary and decides how to use the death benefit. The right amount and ownership come from your own numbers, which is what a coverage review sets.<\/p>\n<h2>What Key Person Insurance Is and Who It Fits<\/h2>\n<p><a href=\"\/life-insurance-guides\/key-person-insurance\/\">Key person insurance<\/a> is a policy a business buys on the life of an individual whose work the business relies on. The <a href=\"https:\/\/www.iii.org\/publication\/insuring-your-business-small-business-owners-guide-to-insurance\/specific-coverages\/life-insurance-for-key-employees\">Insurance Information Institute<\/a> describes it as coverage a business can use to offset financial losses from a key employee&#8217;s death or disability.<\/p>\n<p>It fits best when one person&#8217;s role reaches beyond a single site. Common examples include:<\/p>\n<ul>\n<li>A franchisee whose general manager oversees two or more units, staff and vendors.<\/li>\n<li>An owner whose lender ties loan terms to a specific operator.<\/li>\n<li>A franchise agreement that depends on a named person&#8217;s management role.<\/li>\n<li>A business whose operating partner handles the franchisor relationship.<\/li>\n<\/ul>\n<p>Nischay Rawal, a licensed insurance agent, offers this coverage. It is offered separately from the firm&#8217;s accounting practice.<\/p>\n\n<div class=\"cta-dose-mid wp-block-group has-base-color has-accent-background-color has-text-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-32197852 wp-block-group-is-layout-constrained\" style=\"background-color:var(--wp--preset--color--accent,#20242e);color:var(--wp--preset--color--base,#ffffff);border-radius:8px;padding-top:1.5rem;padding-bottom:1.5rem;padding-left:1.5rem;padding-right:1.5rem;border-left:6px solid var(--wp--preset--color--cta,currentColor);box-shadow:0 2px 10px rgba(0,0,0,0.18)\">\n<h3 class=\"wp-block-heading has-base-color has-text-color\">Not sure what your next step is?<\/h3><p class=\"wp-block-paragraph\">Talk it through with our team &#8212; we can walk you through how a situation like yours is usually handled and what your options are.<\/p><div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\"><div class=\"wp-block-button chg-cta-call\"><a class=\"wp-block-button__link wp-element-button\" href=\"tel:+13058723096\">Schedule a coverage review<\/a><\/div><div class=\"wp-block-button chg-cta-form\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/nrcpas.com\/contact\">Schedule a coverage review<\/a><\/div><\/div>\n<\/div>\n\n<figure class=\"wp-block-image size-large has-custom-border\"><img decoding=\"async\" src=\"https:\/\/nrcpas.com\/life-insurance-guides\/wp-content\/uploads\/2026\/10\/a-bearded-mechanic-in-work-clothes-uses-a-tablet-beside-a-wo-photo.jpg\" alt=\"Bearded mechanic in workwear looks at a tablet while standing by a workbench in a workshop.\" style=\"border-radius:8px;width:100%;aspect-ratio:16\/9;object-fit:cover\"\/><\/figure>\n<h2>What the Policy Covers and What Is Included<\/h2>\n<p>The policy pays a death benefit to the business. The business decides how to use it, within the policy terms.<\/p>\n<p>Common uses include:<\/p>\n<ul>\n<li>Recruiting and paying a replacement operator.<\/li>\n<li>Covering interim management while a search runs.<\/li>\n<li>Making loan or lease payments during a transition.<\/li>\n<li>Covering payroll gaps at affected locations.<\/li>\n<\/ul>\n<p>Two generic policy types are most common. <a href=\"https:\/\/www.finra.org\/investors\/investing\/investment-products\/insurance\">FINRA<\/a> explains that term life insurance covers a limited period. Whole life insurance covers a lifetime and includes a cash-value feature. Policy values depend on the contract&#8217;s terms.<\/p>\n<p>A coverage review checks these details in writing:<\/p>\n<ul>\n<li>The insurer and the policy form number.<\/li>\n<li>The face amount and any planned change to it.<\/li>\n<li>The premium and how long premiums are payable.<\/li>\n<li>Limits and exclusions.<\/li>\n<li>Renewability, cancellation rights and any age-based premium change.<\/li>\n<\/ul>\n<p>Health questions are required, and issue may depend on insurability.<\/p>\n<h2>Sizing Coverage to Revenue and Franchise Obligations<\/h2>\n<p>Size the amount from the figures that depend on the operator, not from a fixed salary multiple. Start with a simple worksheet:<\/p>\n<ul>\n<li>Revenue and profit for each location, and how much depends on the operator&#8217;s direct oversight.<\/li>\n<li>The cost of replacing that role with an outside hire, including search time and training.<\/li>\n<li>Obligations tied to the person, such as franchise performance and transfer terms, loan covenants, personal guarantees, lease commitments and payroll during a transition.<\/li>\n<\/ul>\n<p>Compare the total exposure with what the business could cover from its own resources. That comparison frames the coverage amount. The review records the reasoning in writing.<\/p>\n<p>Revisit the figures when you add a location or change the operator&#8217;s role. Coverage set for two sites may not fit five.<\/p>\n<h2>Ownership, Beneficiary and Tax Questions: The CPA View<\/h2>\n<p>In the usual structure, the business applies for, owns and is the beneficiary of the policy. The insured person must agree first. A business entity may not retaliate or take adverse action against a key employee or key person who does not consent to the issuance of insurance on that person&#8217;s life. Florida&#8217;s insurable-interest and written-consent rules are set out in <a href=\"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&amp;URL=0600-0699\/0627\/Sections\/0627.404.html\">Fla. Stat. \u00a7 627.404<\/a>.<\/p>\n<p>From a CPA&#8217;s view, several federal rules shape the numbers. <a href=\"https:\/\/www.law.cornell.edu\/uscode\/text\/26\/264\">IRC \u00a7 264<\/a> bars a deduction for premiums when the taxpayer is directly or indirectly a beneficiary, and the statute lists specific exceptions. Under <a href=\"https:\/\/www.law.cornell.edu\/uscode\/text\/26\/101\">IRC \u00a7 101<\/a>, death benefits are generally excluded from gross income. Whether life insurance proceeds are taxable depends on the facts of each situation.<\/p>\n<p>Ownership also matters for estate tax. A policy the operator owns personally can raise a different question than one the business owns.<\/p>\n<p>If the business owns one or more employer-owned life insurance contracts issued after the date of the enactment of this section, <a href=\"https:\/\/www.law.cornell.edu\/uscode\/text\/26\/6039I\">IRC \u00a7 6039I<\/a> requires it to file a return and keep records, including whether a valid consent exists for each insured employee. Owners with foreign-resident shareholders or beneficiaries face extra questions, which the review covers.<\/p>\n<h2>How the Coverage Review Works, Step by Step<\/h2>\n<p>A coverage review moves through five steps, from first contact to policy issue.<\/p>\n<ol>\n<li><strong>Initial contact.<\/strong> Describe the business, the locations and the operator&#8217;s role.<\/li>\n<li><strong>Document gathering.<\/strong> Provide the franchise agreement, loan and lease documents, location financial statements and the organization chart.<\/li>\n<li><strong>Coverage review meeting.<\/strong> Nischay Rawal discusses amount, ownership, beneficiary and policy type with you.<\/li>\n<li><strong>Written summary.<\/strong> You receive the recommended amount and ownership in writing. Any fee for the coverage review is disclosed in writing before it begins.<\/li>\n<li><strong>Application and underwriting.<\/strong> You answer health questions, the insurer underwrites the file and the policy is issued. Timing depends on underwriting and carrier requirements, and the insurer is named in every policy discussed.<\/li>\n<\/ol>\n<h2>Why NR CPAs &amp; Business Advisors<\/h2>\n<p>NR CPAs &amp; Business Advisors is a Miami CPA firm. It helps families, professionals and business owners across the United States, including Indian-American households and business owners, choose and buy life insurance.<\/p>\n<p>The firm&#8217;s offerings include:<\/p>\n<ul>\n<li>Key person insurance<\/li>\n<li>Buy-sell agreement insurance<\/li>\n<li>Estate planning life insurance<\/li>\n<li>NRI life insurance<\/li>\n<li>Term life and whole life insurance<\/li>\n<\/ul>\n<p>The firm pairs insurance guidance with a CPA&#8217;s view of tax and cash flow. Insurance is offered by the licensed agent, separately from the accounting practice. The firm offers no rebates or inducements to buy a policy.<\/p>\n<p>If the firm accepts a commission for the sale of a product or service to a client, <a href=\"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&amp;URL=0400-0499\/0473\/Sections\/0473.3205.html\">Fla. Stat. \u00a7 473.3205<\/a> requires the firm to disclose that fact to the client in writing, in accordance with rules adopted by the Florida Board of Accountancy. Florida also requires that anyone acting as an insurance agent be licensed and appointed, under <a href=\"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&amp;URL=0600-0699\/0626\/Sections\/0626.112.html\">Fla. Stat. \u00a7 626.112<\/a>.<\/p>\n\n<div class=\"cta-dose-mid wp-block-group has-base-color has-accent-background-color has-text-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-32197852 wp-block-group-is-layout-constrained\" style=\"background-color:var(--wp--preset--color--accent,#20242e);color:var(--wp--preset--color--base,#ffffff);border-radius:8px;padding-top:1.5rem;padding-bottom:1.5rem;padding-left:1.5rem;padding-right:1.5rem;border-left:6px solid var(--wp--preset--color--cta,currentColor);box-shadow:0 2px 10px rgba(0,0,0,0.18)\">\n<h3 class=\"wp-block-heading has-base-color has-text-color\">Not sure what your next step is?<\/h3><p class=\"wp-block-paragraph\">Talk it through with our team &#8212; we can walk you through how a situation like yours is usually handled and what your options are.<\/p><div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\"><div class=\"wp-block-button chg-cta-call\"><a class=\"wp-block-button__link wp-element-button\" href=\"tel:+13058723096\">Schedule a coverage review<\/a><\/div><div class=\"wp-block-button chg-cta-form\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/nrcpas.com\/contact\">Schedule a coverage review<\/a><\/div><\/div>\n<\/div>\n\n<figure class=\"wp-block-image size-large has-custom-border\"><img decoding=\"async\" src=\"https:\/\/nrcpas.com\/life-insurance-guides\/wp-content\/uploads\/2026\/10\/a-craftsman-repairs-equipment-at-a-workbench-in-a-bright-spa-photo.jpg\" alt=\"A craftsman repairs equipment at a workbench in a spacious, light-filled workshop.\" style=\"border-radius:8px;width:100%;aspect-ratio:16\/9;object-fit:cover\"\/><\/figure>\n<h2>Questions Business Owners Ask Before Buying<\/h2>\n<details class=\"wp-block-details chg-faq is-layout-flow wp-block-details-is-layout-flow\"><summary>Does a franchise agreement require key person coverage?<\/summary><p class=\"wp-block-paragraph\">Some agreements tie performance to a named person. The review reads your agreement before recommending a beneficiary or amount.<\/p><\/details><details class=\"wp-block-details chg-faq is-layout-flow wp-block-details-is-layout-flow\"><summary>Can the owner hold the policy instead of the business?<\/summary><p class=\"wp-block-paragraph\">Ownership is a choice with different tax and estate results. The review compares them for your situation.<\/p><\/details><details class=\"wp-block-details chg-faq is-layout-flow wp-block-details-is-layout-flow\"><summary>What happens if the operator leaves?<\/summary><p class=\"wp-block-paragraph\">The policy terms govern what happens. We read those terms with you before you buy.<\/p><\/details><details class=\"wp-block-details chg-faq is-layout-flow wp-block-details-is-layout-flow\"><summary>Can the death benefit cover loan payments?<\/summary><p class=\"wp-block-paragraph\">The business decides how to use the benefit, and loan payments are one option. Your loan terms and the policy terms both matter.<\/p><\/details><details class=\"wp-block-details chg-faq is-layout-flow wp-block-details-is-layout-flow\"><summary>Does health history matter?<\/summary><p class=\"wp-block-paragraph\">Yes. Health questions are required, and issue may depend on insurability.<\/p><\/details>\n<p>If one operator runs several of your locations and your franchise agreement or loans depend on that person, <a href=\"https:\/\/nrcpas.com\/contact\">contact NR CPAs &amp; Business Advisors<\/a> to set the amount and ownership in a coverage review.<\/p>\n\n<\/article>\n<footer class=\"disclaimer\"><em>NR CPAs &amp; Business Advisors, LLC, 782 NW 42nd Avenue, Suite 534, Miami, FL 33126. Life insurance is offered by Nischay Rawal, a Florida-licensed life and health insurance agent (license G066337). This page is general information about life insurance, not tax, legal or investment advice, and not an offer of any specific policy. Coverage, premiums and benefits depend on the issuing insurer&#x27;s underwriting and the policy&#x27;s terms. Policy loans and withdrawals reduce cash value and the death benefit and may have tax consequences.<\/em><\/footer>\n\n\n<div class=\"wp-block-group alignwide has-global-padding is-layout-constrained wp-container-core-group-is-layout-583d630a wp-block-group-is-layout-constrained\" style=\"padding-top:3rem;padding-bottom:3rem;padding-left:1.5rem;padding-right:1.5rem\">\n<h2 class=\"wp-block-heading has-text-align-center\">How we approach key person coverage for franchise owners<\/h2>\n<div class=\"wp-block-columns alignwide is-layout-flex wp-container-core-columns-is-layout-f56f613f wp-block-columns-is-layout-flex\"><div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><p class=\"wp-block-paragraph\"><span class=\"chg-icon chg-icon--document\"><\/span><\/p><h3 class=\"wp-block-heading\">We read your franchise agreement<\/h3><p class=\"wp-block-paragraph\">Some franchise agreements tie performance to a named person. We review the terms with you before discussing a beneficiary or coverage amount.<\/p><\/div><div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><p class=\"wp-block-paragraph\"><span class=\"chg-icon chg-icon--users\"><\/span><\/p><h3 class=\"wp-block-heading\">We look at ownership and beneficiaries<\/h3><p class=\"wp-block-paragraph\">Whether the business or the owner holds the policy changes the tax and estate results, so we compare the options for your situation.<\/p><\/div><div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><p class=\"wp-block-paragraph\"><span class=\"chg-icon chg-icon--lightbulb\"><\/span><\/p><h3 class=\"wp-block-heading\">We connect coverage to cash flow<\/h3><p class=\"wp-block-paragraph\">We look at how the business would meet its obligations and what amount of coverage fits its budget.<\/p><\/div><div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><p class=\"wp-block-paragraph\"><span class=\"chg-icon chg-icon--check\"><\/span><\/p><h3 class=\"wp-block-heading\">Coverage and tax viewed together<\/h3><p class=\"wp-block-paragraph\">Our firm is a CPA practice, so we consider the tax and cash flow effects alongside the insurance itself.<\/p><\/div><\/div>\n\n<\/div>\n\n\n\n<div class=\"wp-block-group has-base-color has-accent-background-color has-text-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-32197852 wp-block-group-is-layout-constrained\" style=\"background-color:var(--wp--preset--color--accent,#20242e);color:var(--wp--preset--color--base,#ffffff);border-radius:8px;padding-top:1.5rem;padding-bottom:1.5rem;padding-left:1.5rem;padding-right:1.5rem;border-left:6px solid var(--wp--preset--color--cta,currentColor);box-shadow:0 2px 10px rgba(0,0,0,0.18)\">\n<h3 class=\"wp-block-heading has-base-color has-text-color\">Before you choose a policy<\/h3><p class=\"wp-block-paragraph\">Insurance is offered by Nischay Rawal, a licensed insurance agent, separately from the firm&#x27;s accounting practice. Key person proceeds are paid to the policy owner under the policy terms, and how they may be used depends on your business and your agreement. Ask us to explain the policy terms, limits and exclusions in plain words before you decide.<\/p><div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\"><div class=\"wp-block-button chg-cta-call\"><a class=\"wp-block-button__link wp-element-button\" href=\"tel:+13058723096\">Call us today for a coverage review<\/a><\/div><div class=\"wp-block-button chg-cta-form\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/nrcpas.com\/contact\">Call us today for a coverage review<\/a><\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group alignfull has-surface-background-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-583d630a wp-block-group-is-layout-constrained\" style=\"padding-top:3rem;padding-bottom:3rem;padding-left:1.5rem;padding-right:1.5rem\">\n<h2 class=\"wp-block-heading has-text-align-center\">What a coverage review covers<\/h2>\n<div class=\"wp-block-columns alignwide is-layout-flex wp-container-core-columns-is-layout-f56f613f wp-block-columns-is-layout-flex\"><div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-group has-base-background-color has-background is-layout-flow wp-block-group-is-layout-flow\" style=\"border-radius:8px;box-shadow:0 4px 14px rgba(0,0,0,0.08);padding-top:1.5rem;padding-bottom:1.5rem;padding-left:1.5rem;padding-right:1.5rem\"><h3 class=\"wp-block-heading\">Agreement terms<\/h3><p class=\"wp-block-paragraph\">We identify the franchise agreement provisions that relate to a key person and note what your business should confirm with the franchisor.<\/p><\/div><\/div><div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-group has-base-background-color has-background is-layout-flow wp-block-group-is-layout-flow\" style=\"border-radius:8px;box-shadow:0 4px 14px rgba(0,0,0,0.08);padding-top:1.5rem;padding-bottom:1.5rem;padding-left:1.5rem;padding-right:1.5rem\"><h3 class=\"wp-block-heading\">Ownership and beneficiary choices<\/h3><p class=\"wp-block-paragraph\">We compare business-owned and owner-owned policies and explain how each choice affects taxes and estate planning.<\/p><\/div><\/div><div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-group has-base-background-color has-background is-layout-flow wp-block-group-is-layout-flow\" style=\"border-radius:8px;box-shadow:0 4px 14px rgba(0,0,0,0.08);padding-top:1.5rem;padding-bottom:1.5rem;padding-left:1.5rem;padding-right:1.5rem\"><h3 class=\"wp-block-heading\">Coverage amount and cash flow<\/h3><p class=\"wp-block-paragraph\">We help you think through the expenses and obligations a business would need to cover during a transition.<\/p><\/div><\/div><div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-group has-base-background-color has-background is-layout-flow wp-block-group-is-layout-flow\" style=\"border-radius:8px;box-shadow:0 4px 14px rgba(0,0,0,0.08);padding-top:1.5rem;padding-bottom:1.5rem;padding-left:1.5rem;padding-right:1.5rem\"><h3 class=\"wp-block-heading\">Policy type and terms<\/h3><p class=\"wp-block-paragraph\">We explain term and whole life options and the limits and exclusions that apply to each, so you can compare them clearly.<\/p><\/div><\/div><\/div>\n\n<\/div>\n\n\n\n<div class=\"wp-block-group alignfull has-base-color has-primary-background-color has-text-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-4d466591 wp-block-group-is-layout-constrained\" style=\"background-color:var(--wp--preset--color--primary,#20242e);color:var(--wp--preset--color--base,#ffffff);padding-top:3rem;padding-bottom:3rem;padding-left:1.5rem;padding-right:1.5rem\">\n<h2 class=\"wp-block-heading has-text-align-center has-base-color has-text-color\">Talk with our team about key person coverage for your Florida franchise<\/h2>\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-0aa01211 wp-block-buttons-is-layout-flex\"><div class=\"wp-block-button chg-cta chg-cta-call\"><a class=\"wp-block-button__link wp-element-button\" href=\"tel:+13058723096\">Call us today<\/a><\/div><div class=\"wp-block-button chg-cta chg-cta-form\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/nrcpas.com\/contact\">Call us today<\/a><\/div><\/div>\n<\/div>\n\n<h2 class=\"wp-block-heading\">More of our services<\/h2><ul class=\"wp-block-list\"><li>Key Person Insurance for a Visa Holder Owner in Florida<\/li><\/ul>\n<!-- chg:section-siblings -->\n<nav aria-label=\"More in this section\">\n<h2>More in this section<\/h2>\n<ul><li><a href=\"\/life-insurance-guides\/key-person-insurance\/key-person-insurance-green-card-owner\/\">Key Person Insurance for a Business Owned by a Green Card Holder<\/a><\/li><li><a href=\"\/life-insurance-guides\/key-person-insurance\/key-person-insurance-green-card-sponsor-employer\/\">Key Person Insurance for Companies That Sponsor an Employee&#x27;s Green Card<\/a><\/li><li><a href=\"\/life-insurance-guides\/key-person-insurance\/key-person-insurance-h1b-employee-checklist\/\">Key Person Insurance for H-1B Employees: A Checklist for the Employer When the Key Employee Is on a Work Visa<\/a><\/li><li><a href=\"\/life-insurance-guides\/key-person-insurance\/key-person-insurance-h1b-employee-covered-by-employer\/\">Can My Employer Take Out Key Person Insurance on Me If I&#x27;m on an H-1B Visa?<\/a><\/li><li><a href=\"\/life-insurance-guides\/key-person-insurance\/key-person-insurance-h1b-founder\/\">Can a Company Buy Key Person Insurance on an H-1B Founder? Ownership, Insurable Interest and Visa Status<\/a><\/li><\/ul>\n<\/nav>\n<!-- \/chg:section-siblings -->","protected":false},"excerpt":{"rendered":"<p>Key person insurance for franchise owners with several locations. Size the coverage, choose ownership and beneficiary, and schedule a coverage review.<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":16,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"chg_review":"","chg_sendback":"","chg_canonical":"","chg_lang":"","chg_hreflang":"[{\"hreflang\": \"en\", \"href\": \"https:\/\/nrcpas.com\/life-insurance-guides\/key-person-insurance\/key-person-insurance-franchise-multi-location\/\"}, {\"hreflang\": \"es\", \"href\": \"https:\/\/nrcpas.com\/life-insurance-guides\/es\/seguro-persona-clave\/seguro-personas-clave-franquicias-multisede\/\"}, {\"hreflang\": \"x-default\", \"href\": \"https:\/\/nrcpas.com\/life-insurance-guides\/key-person-insurance\/key-person-insurance-franchise-multi-location\/\"}]","chg_jsonld":"[{\"@id\": \"https:\/\/nrcpas.com\/life-insurance-guides\/key-person-insurance-franchise\/#service\", \"url\": \"https:\/\/nrcpas.com\/life-insurance-guides\/key-person-insurance-franchise\/\", \"name\": \"Key Person Insurance Coverage Review for Franchise and Multi-Location Businesses\", \"@type\": [\"Service\", \"FAQPage\"], \"@context\": \"https:\/\/schema.org\", \"audience\": {\"@type\": \"BusinessAudience\", \"audienceType\": \"Franchisees and owners of multi-location businesses, including Indian-American business owners and nonresident alien owners\"}, \"provider\": {\"@type\": \"Organization\", \"@id\": \"https:\/\/nrcpas.com\/life-insurance-guides\/#organization\", \"name\": \"NR CPAs & Business Advisors\", \"url\": \"https:\/\/nrcpas.com\/\"}, \"speakable\": {\"@type\": \"SpeakableSpecification\", \"cssSelector\": [\"article > p:first-of-type\", \".wp-block-details p\", \"article > h1\"]}, \"areaServed\": [{\"name\": \"Florida\", \"@type\": \"State\"}, {\"name\": \"United States\", \"@type\": \"Country\"}], \"description\": \"A coverage review for franchise owners and multi-location business owners that examines how much key person life insurance a business should own on an operator, manager or executive whose work supports several locations, lenders or franchise obligations. 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