{"id":16,"date":"2026-10-03T02:32:18","date_gmt":"2026-10-03T02:32:18","guid":{"rendered":"https:\/\/34-75-76-48.nip.io\/key-person-insurance\/"},"modified":"2026-10-06T06:53:15","modified_gmt":"2026-10-06T06:53:15","slug":"key-person-insurance","status":"publish","type":"page","link":"https:\/\/nrcpas.com\/life-insurance-guides\/key-person-insurance\/","title":{"rendered":"Key Person Insurance for Business Owners"},"content":{"rendered":"\n<div class=\"wp-block-cover alignfull is-dark\" style=\"min-height:460px;aspect-ratio:unset;\"><span aria-hidden=\"true\" class=\"wp-block-cover__background has-secondary-background-color has-background-dim-60 has-background-dim\"><\/span><img decoding=\"async\" class=\"wp-block-cover__image-background\" alt=\"Business owner reviewing insurance documents at desk with calculator and pen.\" src=\"https:\/\/nrcpas.com\/life-insurance-guides\/wp-content\/uploads\/2026\/10\/business-owner-reviewing-insurance-documents-at-desk-with-ca-photo.jpg\"\/><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\">Life Insurance for Business Owners<\/p><h1 class=\"wp-block-heading has-base-color has-text-color\">Protect Your Business When a Key Person Is Gone<\/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);\">Key person insurance replaces lost income and covers critical expenses if an essential employee or owner dies. NR CPAs &amp; Business Advisors helps business owners across Florida structure coverage that fits your company&#x27;s cash flow and tax picture.<\/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:+19542316613\">Call us today for 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 for 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 October 03, 2026<\/p>\n\n<article lang=\"en\">\n\n<h2>Key Person Insurance for Business Owners: Protect Your Company&#8217;s Future<\/h2>\n<p><strong>Key person insurance is a life insurance policy that your business owns and pays for to protect itself from the financial loss if a critical employee or owner dies or becomes disabled.<\/strong> The business is the owner and beneficiary; the benefit goes to the company, not to the insured person&#8217;s family. It&#8217;s designed to replace lost income, cover recruitment and training costs, and keep operations stable during a transition.<\/p>\n<p>This guide explains how key person insurance works, what it covers, what it costs, and how it fits into your overall business and tax planning\u2014from the perspective of CPAs who help business owners make this decision every day.<\/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:+19542316613\">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<h2>What Is Key Person Insurance?<\/h2>\n<p><strong>Key person insurance is a life insurance policy owned by your business on the life of an employee or owner whose death or disability would cause significant financial harm to the company.<\/strong> Unlike personal life insurance, which protects a family, key person insurance protects the business itself.<\/p>\n<p>Here&#8217;s the basic structure:<\/p>\n<ul>\n<li>Your business applies for and owns the policy.<\/li>\n<li>Your business names the insured person (the &#8220;key person&#8221;).<\/li>\n<li>Your business pays the premiums.<\/li>\n<li>If the key person dies or becomes disabled (depending on the policy type), your business receives the benefit.<\/li>\n<li>The benefit is paid to your business, not to the key person&#8217;s family.<\/li>\n<\/ul>\n<p>Key person insurance is common in professional practices (medical, dental, legal, accounting), family businesses, partnerships, and any company that depends on specific talent, relationships, or expertise. It&#8217;s distinct from buy-sell agreement insurance, which funds the purchase of an owner&#8217;s share if that owner dies or becomes disabled.<\/p>\n<h2>Who Is a Key Person in Insurance?<\/h2>\n<p><strong>A key person is anyone whose death or disability would cause significant financial harm to your business.<\/strong> The determination is specific to your company&#8217;s structure and dependencies.<\/p>\n<p>Common examples include:<\/p>\n<ul>\n<li><strong>Owner or co-owner<\/strong> whose death or disability would threaten the business&#8217;s survival or profitability.<\/li>\n<li><strong>Senior executive or manager<\/strong> whose expertise, decisions, or leadership is difficult to replace.<\/li>\n<li><strong>Sales leader or rainmaker<\/strong> whose client relationships or revenue generation drive the business.<\/li>\n<li><strong>Technical expert or specialist<\/strong> whose proprietary knowledge or skills are central to operations.<\/li>\n<li><strong>Founder<\/strong> whose vision, reputation, or unique abilities define the company.<\/li>\n<li><strong>Any employee<\/strong> whose loss would require significant hiring, training, or operational restructuring.<\/li>\n<\/ul>\n<p>The key test is financial impact: if losing this person would force the company to spend money, lose revenue, or struggle to operate, that person is likely a key person for insurance purposes.<\/p>\n<h2>How Does Key Person Insurance Work?<\/h2>\n<p><strong>Your business applies for a policy on the key person&#8217;s life, pays the premiums, and receives the benefit if the insured person dies or becomes disabled.<\/strong> Here&#8217;s the process:<\/p>\n<ol>\n<li>\n<p><strong>Application and underwriting.<\/strong> Your business applies for the policy and names the key person as the insured. The insured person must provide health information and typically undergo underwriting. <a href=\"https:\/\/www.govinfo.gov\/link\/uscode\/26\/101?link-type=html\">Under federal law<\/a>, the insured person must be notified in writing and provide written consent before the policy is issued.<\/p>\n<\/li>\n<li>\n<p><strong>Premiums.<\/strong> Your business pays the premiums. <a href=\"https:\/\/www.govinfo.gov\/link\/uscode\/26\/264?link-type=html\">Premiums on key person insurance are generally<\/a> not tax-deductible.<\/p>\n<\/li>\n<li>\n<p><strong>Benefit.<\/strong> If the insured person dies or becomes disabled (depending on the policy), your business receives the benefit. <a href=\"https:\/\/www.irs.gov\/faqs\/interest-dividends-other-types-of-income\/life-insurance-disability-insurance-proceeds\">The death benefit is generally not subject<\/a> to income tax.<\/p>\n<\/li>\n<li>\n<p><strong>Use of funds.<\/strong> Your business can use the benefit to cover operating losses, recruit and train a replacement, pay off debt, stabilize cash flow, or fund a transition.<\/p>\n<\/li>\n<\/ol>\n<p>The benefit goes to your business, not to the insured person&#8217;s family. If the insured person is also an owner, the benefit may be used to buy out their estate or fund a succession plan.<\/p>\n<h2>Types of Key Person Insurance Policies<\/h2>\n<p><strong>Key person insurance is available as term life insurance (coverage for a set period) or whole life insurance (permanent coverage with cash value).<\/strong> The choice depends on your business goals, budget, and how long the key person is expected to be critical to operations.<\/p>\n<h3>Term Life Insurance<\/h3>\n<p>Term life insurance provides coverage for a specific period\u2014typically 10, 20, or 30 years. Premiums are lower than whole life, but coverage ends when the term expires. Term is a good fit if:<\/p>\n<ul>\n<li>The key person is expected to be critical for a defined period (e.g., until retirement or until a successor is developed).<\/li>\n<li>Your business wants lower premiums and simpler coverage.<\/li>\n<li>You want to re-evaluate coverage needs at the end of the term.<\/li>\n<\/ul>\n<h3>Whole Life Insurance<\/h3>\n<p>Whole life insurance provides permanent coverage lasting the insured person&#8217;s lifetime. The policy builds cash value over time, which can be borrowed against or withdrawn. Whole life premiums are higher than term, but there&#8217;s no expiration. Whole life is a good fit if:<\/p>\n<ul>\n<li>The key person is expected to be critical indefinitely.<\/li>\n<li>Your business wants permanent protection and the ability to access cash value.<\/li>\n<li>Your business can afford higher premiums.<\/li>\n<\/ul>\n<h3>Key Person Disability Insurance<\/h3>\n<p>Key person disability insurance covers loss of income if the key person becomes unable to work due to illness or injury. This is often added to or purchased alongside life insurance to protect against disability risk.<\/p>\n<h2>What Does Key Person Insurance Cover?<\/h2>\n<p><strong>Key person insurance covers the death of the insured person (and sometimes disability) and pays a lump sum benefit to your business.<\/strong> The specific coverage depends on the policy type.<\/p>\n<ul>\n<li><strong>Death benefit.<\/strong> If the insured person dies, your business receives a lump sum. This is the core benefit of key person insurance.<\/li>\n<li><strong>Disability benefit (if included).<\/strong> Some policies include disability coverage, which pays income replacement if the insured person becomes unable to work.<\/li>\n<li><strong>Cash value (whole life only).<\/strong> Whole life policies build cash value over time. Your business can borrow against this value (a policy loan) or withdraw it, though doing so may reduce the death benefit or trigger tax consequences.<\/li>\n<li><strong>Coverage amount.<\/strong> The coverage amount is set when the policy is issued and can be adjusted as your business changes.<\/li>\n<\/ul>\n<p>The benefit goes to your business, not to the insured person&#8217;s family.<\/p>\n<h2>How Much Does Key Person Insurance Typically Cost?<\/h2>\n<p><strong>Premiums depend on the insured person&#8217;s age, health, occupation, and the coverage amount.<\/strong> There&#8217;s no one-size-fits-all price, but here&#8217;s what affects cost:<\/p>\n<ul>\n<li><strong>Age and health.<\/strong> A younger, healthier key person will have lower premiums than an older person or someone with health conditions.<\/li>\n<li><strong>Occupation.<\/strong> Some occupations carry higher risk and thus higher premiums.<\/li>\n<li><strong>Coverage amount.<\/strong> Higher coverage means higher premiums.<\/li>\n<li><strong>Policy type.<\/strong> Term life premiums are generally lower than whole life premiums for the same coverage amount.<\/li>\n<li><strong>Insurer.<\/strong> Different insurers price policies differently.<\/li>\n<\/ul>\n<p><strong>Coverage amount is typically based on the financial loss your business would suffer if the key person died or became disabled.<\/strong> A common approach is to calculate 1\u20133 years of the person&#8217;s salary or contribution to profit. For professional practices, coverage is often based on the person&#8217;s annual billings or revenue they generate.<\/p>\n<p>For example, if a key person generates $500,000 in annual revenue and would take 18 months to replace, coverage might be $750,000 to $1,000,000.<\/p>\n<p>The exact cost for your business depends on your specific circumstances. A coverage review can help you determine appropriate coverage and understand the cost.<\/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\">Have questions about what happened?<\/h3><p class=\"wp-block-paragraph\">Ask our team directly. Tell us what you are dealing with and we will explain how the process works from here.<\/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:+19542316613\">Talk to our team<\/a><\/div><div class=\"wp-block-button chg-cta-form\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/nrcpas.com\/contact\">Talk to our team<\/a><\/div><\/div>\n<\/div>\n<h2>Is Key Person Insurance Worth It?<\/h2>\n<p><strong>Key person insurance is worth considering if your business depends on one or a few people whose death or disability would cause significant financial harm.<\/strong> Here&#8217;s when it typically makes sense:<\/p>\n<ul>\n<li><strong>Your business would struggle without the key person.<\/strong> If losing them would threaten operations, revenue, or your ability to meet obligations, insurance can protect against that risk.<\/li>\n<li><strong>Recruitment and training would be expensive.<\/strong> If replacing the key person would require significant hiring, training, or temporary staffing costs, the insurance benefit can cover those costs.<\/li>\n<li><strong>The business has debt or obligations.<\/strong> If the business has loans or other obligations that depend on the key person&#8217;s income or credit, insurance can help ensure those obligations are met.<\/li>\n<li><strong>Lenders or investors require it.<\/strong> Some lenders or investors may require key person insurance as a condition of financing.<\/li>\n<li><strong>You want to protect remaining owners.<\/strong> If the business is a partnership or has multiple owners, key person insurance can protect the remaining owners from being burdened with debt or forced to sell the business at a loss.<\/li>\n<\/ul>\n<p><strong>Key person insurance is not necessary for every business.<\/strong> It depends on your company&#8217;s structure, dependencies, and financial resilience. A business with multiple people capable of stepping into a key role, strong cash reserves, or low dependency on any one person may not need it.<\/p>\n<p>A CPA can help you evaluate whether key person insurance aligns with your business&#8217;s risk profile and financial goals.<\/p>\n<h2>What Are the Disadvantages of Key Man Insurance?<\/h2>\n<p><strong>Key person insurance has real limitations that deserve honest consideration.<\/strong> Here are the main drawbacks:<\/p>\n<ul>\n<li><strong>Ongoing cost.<\/strong> Premiums must be paid regularly, even if the key person never dies or becomes disabled. The benefit is only received if the insured event occurs.<\/li>\n<li><strong>Does not prevent loss.<\/strong> Insurance replaces the financial impact but cannot prevent the person&#8217;s death or disability. You still lose the person.<\/li>\n<li><strong>Underwriting requirements.<\/strong> The insured person must be in acceptable health and pass underwriting. Some people may not qualify or may qualify only at higher premiums.<\/li>\n<li><strong>Insurable interest.<\/strong> Your business must have a legitimate financial interest in the person&#8217;s continued life or health. If the person leaves the company, that interest may no longer exist, and the policy may no longer serve its purpose\u2014but premiums continue.<\/li>\n<li><strong>Whole life cost.<\/strong> Whole life policies have higher premiums than term. Cash value grows slowly and may not match investment returns elsewhere.<\/li>\n<li><strong>Tax treatment.<\/strong> <a href=\"https:\/\/www.govinfo.gov\/link\/uscode\/26\/264?link-type=html\">Premiums are generally not tax-deductible<\/a>. If the policy is surrendered or borrowed against, there may be tax consequences.<\/li>\n<li><strong>Policy lapse.<\/strong> If premiums are not paid, the policy lapses and coverage ends.<\/li>\n<\/ul>\n<p>These disadvantages don&#8217;t necessarily mean key person insurance isn&#8217;t worth it for your business\u2014but they&#8217;re important to understand before committing.<\/p>\n<h2>Key Person Insurance and Taxes<\/h2>\n<p><strong>Key person insurance has specific tax treatment that affects how it fits into your business&#8217;s overall financial plan.<\/strong><\/p>\n<ul>\n<li>\n<p><strong>Premiums are not tax-deductible.<\/strong> <a href=\"https:\/\/www.govinfo.gov\/link\/uscode\/26\/264?link-type=html\">Under federal law<\/a>, premiums on a life insurance policy covering an officer, employee, or anyone with a financial interest in the business are not tax-deductible when the taxpayer is directly or indirectly a beneficiary of the policy. This includes key person insurance.<\/p>\n<\/li>\n<li>\n<p><strong>Death benefit is generally not taxable.<\/strong> <a href=\"https:\/\/www.irs.gov\/faqs\/interest-dividends-other-types-of-income\/life-insurance-disability-insurance-proceeds\">When your business receives the death benefit<\/a>, it is generally not subject to income tax. This is a significant advantage: the benefit is received tax-free.<\/p>\n<\/li>\n<li>\n<p><strong>Cash value has tax implications.<\/strong> If you have a whole life policy and borrow against the cash value or surrender the policy, there may be tax consequences. Interest earned on the cash value is not taxed while inside the policy, but withdrawals or loans above your basis may be taxable.<\/p>\n<\/li>\n<li>\n<p><strong>Estate tax considerations.<\/strong> If the insured person is also an owner, there may be estate tax implications depending on the business structure and the size of the policy.<\/p>\n<\/li>\n<li>\n<p><strong>Employer-owned life insurance rules.<\/strong> <a href=\"https:\/\/www.govinfo.gov\/link\/uscode\/26\/101?link-type=html\">If your business is the beneficiary<\/a> of a life insurance policy on an employee, the employee must be notified in writing and provide written consent before the policy is issued. If these requirements are not met, the death benefit above premiums paid may be taxable.<\/p>\n<\/li>\n<\/ul>\n<p>Tax treatment can vary based on your business structure (S-corp, C-corp, LLC, partnership) and state law. A CPA can help you structure the policy and plan for tax-efficient use of the benefit.<\/p>\n<h2>Key Person Insurance vs. Buy-Sell Agreement Insurance<\/h2>\n<p><strong>Key person insurance and buy-sell agreement insurance serve different purposes and often work together.<\/strong><\/p>\n<p><strong>Key person insurance<\/strong> protects the business from the loss of a critical employee or owner. The benefit goes to the business and can be used to cover operating losses, recruitment, training, or stabilization.<\/p>\n<p><strong>Buy-sell agreement insurance<\/strong> funds the purchase of an owner&#8217;s share if that owner dies or becomes disabled. The benefit is paid to the remaining owners or the business to buy out the deceased owner&#8217;s estate, ensuring a smooth transition of ownership.<\/p>\n<p>Here&#8217;s the key difference: key person insurance benefits the business; buy-sell insurance funds a buyout of the deceased owner&#8217;s stake.<\/p>\n<p><strong>Both can be used together.<\/strong> For example, you might have key person insurance on a critical employee and buy-sell insurance on each owner. A CPA can help determine which type of coverage (or both) your business needs.<\/p>\n<h2>Key Person Insurance for Different Business Types<\/h2>\n<p><strong>Key person insurance needs vary by business type.<\/strong> Here&#8217;s how it applies across common structures:<\/p>\n<p><strong>Professional practices<\/strong> (medical, dental, legal, accounting) often benefit from key person insurance because client relationships and specialized expertise are tied to specific practitioners. If a key practitioner dies or becomes disabled, clients may leave, and revenue would drop significantly.<\/p>\n<p><strong>Family businesses<\/strong> use key person insurance to protect the business if a key family member dies or becomes unable to work. This is especially important if succession planning is still in progress.<\/p>\n<p><strong>Small businesses<\/strong> may depend heavily on the owner or one or two senior people. Key person insurance protects the business if that dependency becomes reality.<\/p>\n<p><strong>Partnerships<\/strong> use key person insurance to protect the partnership if a partner dies or becomes disabled. The benefit can be used to buy out the deceased partner&#8217;s estate or stabilize the business.<\/p>\n<p><strong>Corporations<\/strong> use key person insurance to protect the company if a key executive or specialist is lost. This is common in technology companies, professional services firms, and other businesses where specific talent drives revenue.<\/p>\n<p>Each business type has different considerations. A CPA can help tailor coverage to your situation.<\/p>\n<h2>How to Determine How Much Key Person Insurance You Need<\/h2>\n<p><strong>The right coverage amount depends on the financial impact of losing the key person.<\/strong> Here&#8217;s how to calculate it:<\/p>\n<ol>\n<li>\n<p><strong>Estimate lost revenue.<\/strong> If the key person died or became disabled, how much revenue would the business lose during the transition period? This might be months or years.<\/p>\n<\/li>\n<li>\n<p><strong>Calculate replacement costs.<\/strong> How much would it cost to recruit, hire, and train a replacement? Include recruiter fees, training time, and temporary staffing if needed.<\/p>\n<\/li>\n<li>\n<p><strong>Estimate operating losses.<\/strong> How much would the business spend to keep operations stable while finding and training a replacement? Include extra payroll, overtime, or outsourced services.<\/p>\n<\/li>\n<li>\n<p><strong>Add debt service.<\/strong> If the business has loans or obligations that depend on the key person&#8217;s income or credit, include those.<\/p>\n<\/li>\n<li>\n<p><strong>Total the impact.<\/strong> Add these costs to get a rough estimate of the financial impact.<\/p>\n<\/li>\n<\/ol>\n<p>A common approach is to calculate coverage equal to 1\u20133 years of the key person&#8217;s salary or contribution to profit. For professional practices, coverage is often based on the person&#8217;s annual billings or revenue they generate.<\/p>\n<p>For example:\n&#8211; Key person salary: $150,000\n&#8211; Annual revenue generated: $600,000\n&#8211; Replacement and training cost: $50,000\n&#8211; Estimated operating losses during 12-month transition: $100,000\n&#8211; <strong>Total estimated impact: $250,000\u2013$400,000<\/strong>\n&#8211; <strong>Recommended coverage: $300,000\u2013$500,000<\/strong><\/p>\n<p>This is a rough estimate. Your actual coverage need depends on your specific business. A CPA can help model scenarios and recommend appropriate coverage amounts based on your financial situation.<\/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\">Want to know where you stand?<\/h3><p class=\"wp-block-paragraph\">Tell us about your situation and our team will walk you through the options available to you.<\/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:+19542316613\">Request 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\">Request a coverage review<\/a><\/div><\/div>\n<\/div>\n<h2>Frequently Asked Questions<\/h2><details class=\"wp-block-details chg-faq is-layout-flow wp-block-details-is-layout-flow\"><summary>What happens to key person insurance if an employee leaves the company?<\/summary><p>If the insured person leaves the company, the policy may no longer serve its purpose because your business no longer has a financial interest in their life. You can typically cancel the policy or convert it to a personal policy (if the insured person wants to do so). If you don&#8217;t cancel, premiums continue but the benefit no longer protects your business.<\/p><\/details><details class=\"wp-block-details chg-faq is-layout-flow wp-block-details-is-layout-flow\"><summary>Is key person insurance required by lenders or investors?<\/summary><p>Some lenders or investors may require key person insurance as a condition of financing, especially if the business is heavily dependent on one or a few people. Check your loan documents or ask your lender.<\/p><\/details><details class=\"wp-block-details chg-faq is-layout-flow wp-block-details-is-layout-flow\"><summary>Can key person insurance be used for disability coverage?<\/summary><p>Yes, key person disability insurance is available and covers loss of income if the key person becomes unable to work due to illness or injury. This can be added to or purchased alongside life insurance.<\/p><\/details><details class=\"wp-block-details chg-faq is-layout-flow wp-block-details-is-layout-flow\"><summary>What if the key person is in poor health or has a pre-existing condition?<\/summary><p>The insured person must pass underwriting. If they have health issues, they may not qualify, or they may qualify only at higher premiums. Some conditions may result in a decline.<\/p><\/details><details class=\"wp-block-details chg-faq is-layout-flow wp-block-details-is-layout-flow\"><summary>Can I borrow against the cash value of a whole life key person policy?<\/summary><p>Yes, whole life policies build cash value, and you can borrow against it (a policy loan). However, borrowing reduces the death benefit and may have tax consequences if the loan is not repaid before the insured person dies.<\/p><\/details><details class=\"wp-block-details chg-faq is-layout-flow wp-block-details-is-layout-flow\"><summary>Does the key person know about the policy?<\/summary><p>Yes, <a href=\"https:\/\/www.govinfo.gov\/link\/uscode\/26\/101?link-type=html\">federal law requires that the insured person<\/a> be notified in writing and provide written consent before the policy is issued. This is a legal requirement for employer-owned life insurance.<\/p><\/details><hr \/>\n<h2>Getting Started: Next Steps<\/h2>\n<p>If your business depends on one or two people whose absence would threaten your operations or finances, key person insurance may be worth exploring. The right coverage can protect your business, your remaining owners, and your employees during a difficult transition.<\/p>\n<p>Here&#8217;s how to move forward:<\/p>\n<ol>\n<li><strong>Identify the key people<\/strong> in your business whose death or disability would cause significant financial harm.<\/li>\n<li><strong>Estimate the financial impact<\/strong> and coverage need using the framework above.<\/li>\n<li><strong>Reach out to discuss<\/strong> your business&#8217;s situation and explore whether key person insurance makes sense for you.<\/li>\n<\/ol>\n<p>A coverage review will help you understand your options, costs, and how the benefit would work in your business. We&#8217;re here to help you think through the decision from a CPA&#8217;s perspective\u2014looking at tax treatment, cash flow, and how key person insurance fits into your overall business and financial plan.<\/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\">Why Key Person Insurance Matters<\/h2>\n<div class=\"wp-block-columns 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--shield\"><\/span><\/p><h3 class=\"wp-block-heading\">Replace Lost Revenue<\/h3><p class=\"wp-block-paragraph\">When a key employee or owner dies, your business loses their skills, relationships, and income. Key person insurance provides cash to cover lost profits while you find and train a replacement.<\/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--document\"><\/span><\/p><h3 class=\"wp-block-heading\">Cover Immediate Expenses<\/h3><p class=\"wp-block-paragraph\">Death of a key person can trigger sudden costs: recruiting, training, client retention, and operational disruption. The insurance benefit helps your business stay stable during the transition.<\/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--heart\"><\/span><\/p><h3 class=\"wp-block-heading\">Protect Owners and Families<\/h3><p class=\"wp-block-paragraph\">In a partnership or closely held business, key person insurance can fund a buy-sell agreement, ensuring a smooth ownership transition and fair value for the deceased owner&#x27;s family.<\/p><\/div><\/div>\n\n\n<div class=\"wp-block-columns 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--lightbulb\"><\/span><\/p><h3 class=\"wp-block-heading\">CPA-Guided Tax and Cash Flow Planning<\/h3><p class=\"wp-block-paragraph\">We help you choose between term and whole life coverage, structure the policy to align with your business structure, and understand the tax treatment of premiums and benefits.<\/p><\/div><\/div>\n\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\">Key Person Insurance: Term vs. Whole Life<\/h2>\n<div class=\"wp-block-columns 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\">Term Life Insurance<\/h3><p class=\"wp-block-paragraph\">Covers a specific period (10, 20, or 30 years). Premiums are lower and straightforward. Best if you need protection during your company&#x27;s growth phase or until a key person reaches retirement.<\/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\">Whole Life Insurance<\/h3><p class=\"wp-block-paragraph\">Covers your entire life with fixed premiums and a cash value component. Premiums are higher but the policy never expires. Often chosen when key person protection is long-term or when the business wants to build a cash reserve.<\/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\">Buy-Sell Agreement Insurance<\/h3><p class=\"wp-block-paragraph\">Funds the purchase of a deceased owner&#x27;s stake in the business. Ensures the surviving owners can buy out the family and the family receives fair value. Works with term or whole life policies.<\/p><\/div><\/div><\/div>\n\n\n<div class=\"wp-block-columns 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\">Estate Planning Life Insurance<\/h3><p class=\"wp-block-paragraph\">Protects the business and family wealth by covering estate taxes and ensuring a smooth transition. Particularly important in family-owned businesses and professional practices.<\/p><\/div><\/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\">Key Person Insurance Is Not a Personal Benefit<\/h3><p class=\"wp-block-paragraph\">Your business must have a genuine financial interest in the insured person&#x27;s life. The policy is owned by the company, not the individual. If the insured person leaves the company, the policy may no longer serve its purpose, and you&#x27;ll typically cancel it or convert it to a personal policy. Continuing to pay premiums on a policy that no longer protects the business wastes cash flow.<\/p>\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\">How We Help<\/h2>\n<div class=\"wp-block-columns 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\">Assess Your Business Risk<\/h3><p class=\"wp-block-paragraph\">We identify which employees or owners are truly key to your business and calculate how much income loss or expense your company would face if they died.<\/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\">Choose the Right Coverage<\/h3><p class=\"wp-block-paragraph\">We compare term and whole life options, explain the tax treatment, and help you decide how much coverage fits your business cash flow and goals.<\/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\">Structure the Policy<\/h3><p class=\"wp-block-paragraph\">We work with you to set up the policy correctly\u2014ownership, beneficiary designation, and integration with any buy-sell agreement or estate plan.<\/p><\/div><\/div><\/div>\n\n\n<div class=\"wp-block-columns 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\">Review and Adjust<\/h3><p class=\"wp-block-paragraph\">As your business grows or changes, we review your coverage to ensure it still matches your needs and tax situation.<\/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\">Protect Your Business Today<\/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:+19542316613\">Call NR CPAs &amp; Business Advisors for a coverage review. We serve families, professionals, and business owners across Florida\u2014including Miami, Fort Lauderdale, West Palm Beach, Orlando, Tampa, and Jacksonville.<\/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 NR CPAs &amp; Business Advisors for a coverage review. We serve families, professionals, and business owners across Florida\u2014including Miami, Fort Lauderdale, West Palm Beach, Orlando, Tampa, and Jacksonville.<\/a><\/div><\/div>\n<\/div>\n\n<!-- chg:section-index -->\n<nav aria-label=\"More in this section\">\n<h2>More in this section<\/h2>\n<ul><li><a href=\"\/key-person-insurance\/key-man-insurance\/\">Key Man Insurance<\/a><\/li><li><a href=\"\/key-person-insurance\/key-employee-life-insurance\/\">Key Employee Life Insurance<\/a><\/li><li><a href=\"\/key-person-insurance\/key-person-insurance-taxes\/\">Key Person Insurance Taxes<\/a><\/li><li><a href=\"\/key-person-insurance\/west-palm-beach\/\">West Palm Beach<\/a><\/li><li><a href=\"\/key-person-insurance\/orlando\/\">Orlando<\/a><\/li><li><a href=\"\/key-person-insurance\/miami\/\">Miami<\/a><\/li><li><a href=\"\/key-person-insurance\/tampa\/\">Tampa<\/a><\/li><li><a href=\"\/key-person-insurance\/jacksonville\/\">Jacksonville<\/a><\/li><li><a href=\"\/key-person-insurance\/key-person-insurance-small-business\/\">Key Person Insurance Small Business<\/a><\/li><li><a href=\"\/key-person-insurance\/key-person-term-life-insurance\/\">Key Person Term Life Insurance<\/a><\/li><li><a href=\"\/key-person-insurance\/key-person-whole-life-insurance\/\">Key Person Whole Life Insurance<\/a><\/li><li>How Much Key Person Insurance<\/li><li><a href=\"\/key-person-insurance\/key-person-insurance-buy-sell-agreement\/\">Key Person Insurance Buy Sell Agreement<\/a><\/li><li><a href=\"\/key-person-insurance\/key-person-insurance-professional-practice\/\">Key Person Insurance Professional Practice<\/a><\/li><li><a href=\"\/key-person-insurance\/key-person-insurance-business-partners\/\">Key Person Insurance Business Partners<\/a><\/li><li><a href=\"\/key-person-insurance\/key-person-insurance-indian-american-business\/\">Key Person Insurance Indian American Business<\/a><\/li><li><a href=\"\/key-person-insurance\/what-is-keyman-insurance\/\">What Is Keyman Insurance<\/a><\/li><li><a href=\"\/key-person-insurance\/what-is-a-key-person-in-life-insurance\/\">What Is A Key Person In Life Insurance<\/a><\/li><li><a href=\"\/key-person-insurance\/what-are-the-disadvantages-of-key-man-insurance\/\">What Are The Disadvantages Of Key Man Insurance<\/a><\/li><li><a href=\"\/key-person-insurance\/is-key-person-insurance-worth-it\/\">Is Key Person Insurance Worth It<\/a><\/li><li><a href=\"\/key-person-insurance\/how-much-does-key-person-insurance-typically-cost\/\">How Much Does Key Person Insurance Typically Cost<\/a><\/li><li><a href=\"\/key-person-insurance\/key-person-insurance-vs-disability\/\">Key Person Insurance Vs Disability<\/a><\/li><li><a href=\"\/key-person-insurance\/key-person-insurance-timing\/\">Key Person Insurance Timing<\/a><\/li><li><a href=\"\/key-person-insurance\/key-person-insurance-business-valuation\/\">Key Person Insurance Business Valuation<\/a><\/li><li><a href=\"\/key-person-insurance\/how-much-does-a-100-000-whole-life-insurance-policy-cost-per-month\/\">How Much Does A 100 000 Whole Life Insurance Policy Cost Per Month<\/a><\/li><li><a href=\"\/key-person-insurance\/what-happens-to-a-business-account-when-the-owner-dies\/\">What Happens To A Business Account When The Owner Dies<\/a><\/li><li><a href=\"\/key-person-insurance\/what-happens-to-a-sole-proprietorship-when-the-owner-dies\/\">What Happens To A Sole Proprietorship When The Owner Dies<\/a><\/li><li><a href=\"\/key-person-insurance\/how-much-does-a-1-000-000-insurance-policy-typically-cost\/\">How much does a $1,000,000 insurance policy typically cost?<\/a><\/li><\/ul>\n<\/nav>\n<!-- \/chg:section-index -->","protected":false},"excerpt":{"rendered":"<p>Key person insurance protects your business if a critical employee dies or becomes disabled. Learn how it works, what it costs, and whether your company needs it.<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"chg_canonical":"","chg_lang":"","chg_hreflang":"[]","chg_jsonld":"[{\"image\": \"https:\/\/nrcpas.com\/images\/key-person-insurance-guide.jpg\", \"author\": {\"@type\": \"Organization\", \"@id\": \"https:\/\/nrcpas.com\/life-insurance-guides\/#organization\", \"name\": \"NR CPAs & Business Advisors\", \"url\": \"https:\/\/nrcpas.com\/\"}, \"@context\": \"https:\/\/schema.org\", \"headline\": \"Key Person Insurance for Business Owners: Protect Your Company's Future\", \"publisher\": {\"@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\"]}, \"mainEntity\": [{\"@type\": \"Question\", \"name\": \"What happens to key person insurance if an employee leaves the company?\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"If the insured person leaves the company, the policy may no longer serve its purpose because your business no longer has a financial interest in their life. You can typically cancel the policy or convert it to a personal policy (if the insured person wants to do so). If you don't cancel, premiums continue but the benefit no longer protects your business.\"}}, {\"@type\": \"Question\", \"name\": \"Is key person insurance required by lenders or investors?\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"Some lenders or investors may require key person insurance as a condition of financing, especially if the business is heavily dependent on one or a few people. Check your loan documents or ask your lender.\"}}, {\"@type\": \"Question\", \"name\": \"Can key person insurance be used for disability coverage?\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"Yes, key person disability insurance is available and covers loss of income if the key person becomes unable to work due to illness or injury. This can be added to or purchased alongside life insurance.\"}}, {\"@type\": \"Question\", \"name\": \"What if the key person is in poor health or has a pre-existing condition?\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"The insured person must pass underwriting. If they have health issues, they may not qualify, or they may qualify only at higher premiums. Some conditions may result in a decline.\"}}, {\"@type\": \"Question\", \"name\": \"Can I borrow against the cash value of a whole life key person policy?\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"Yes, whole life policies build cash value, and you can borrow against it (a policy loan). However, borrowing reduces the death benefit and may have tax consequences if the loan is not repaid before the insured person dies.\"}}, {\"@type\": \"Question\", \"name\": \"Does the key person know about the policy?\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"Yes, federal law requires that the insured person be notified in writing and provide written consent before the policy is issued. This is a legal requirement for employer-owned life insurance.\"}}], \"articleBody\": \"Key person insurance is a life insurance policy that your business owns and pays for to protect itself from the financial loss if a critical employee or owner dies or becomes disabled. This guide explains how key person insurance works, what it covers, what it costs, and how it fits into your overall financial and tax picture.\", \"description\": \"A comprehensive guide to key person insurance: what it is, how it works, types of policies, costs, tax implications, and how to determine if your business needs it.\", \"dateModified\": \"2025-01-01T00:00:00Z\", \"datePublished\": \"2025-01-01T00:00:00Z\", \"reviewedBy\": {\"@type\": \"Person\", \"name\": \"Erika Trinidad\", \"jobTitle\": \"Accountant\"}, \"inLanguage\": \"en\", \"@type\": [\"Article\", \"FAQPage\"]}, {\"@context\": \"https:\/\/schema.org\", \"@type\": \"BreadcrumbList\", \"itemListElement\": [{\"@type\": \"ListItem\", \"position\": 1, \"name\": \"Home\", \"item\": \"https:\/\/nrcpas.com\/life-insurance-guides\/\"}, {\"@type\": \"ListItem\", \"position\": 2, \"name\": \"Key Person Insurance for Business Owners\", \"item\": \"https:\/\/nrcpas.com\/life-insurance-guides\/key-person-insurance\/\"}]}]","chg_meta_description":"Key person insurance protects your business if a critical employee dies or becomes disabled. Learn how it works, what it costs, and whether your company needs it.","footnotes":""},"class_list":["post-16","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/nrcpas.com\/life-insurance-guides\/wp-json\/wp\/v2\/pages\/16","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nrcpas.com\/life-insurance-guides\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/nrcpas.com\/life-insurance-guides\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/nrcpas.com\/life-insurance-guides\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/nrcpas.com\/life-insurance-guides\/wp-json\/wp\/v2\/comments?post=16"}],"version-history":[{"count":31,"href":"https:\/\/nrcpas.com\/life-insurance-guides\/wp-json\/wp\/v2\/pages\/16\/revisions"}],"predecessor-version":[{"id":812,"href":"https:\/\/nrcpas.com\/life-insurance-guides\/wp-json\/wp\/v2\/pages\/16\/revisions\/812"}],"wp:attachment":[{"href":"https:\/\/nrcpas.com\/life-insurance-guides\/wp-json\/wp\/v2\/media?parent=16"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}