{"id":3932,"date":"2026-10-21T07:42:51","date_gmt":"2026-10-21T07:42:51","guid":{"rendered":"https:\/\/nrcpas.com\/life-insurance-guides\/key-person-insurance\/key-person-insurance-foreign-national-employee\/"},"modified":"2026-10-29T23:15:18","modified_gmt":"2026-10-29T23:15:18","slug":"key-person-insurance-foreign-national-employee","status":"publish","type":"page","link":"https:\/\/nrcpas.com\/life-insurance-guides\/key-person-insurance\/key-person-insurance-foreign-national-employee\/","title":{"rendered":"Key Person Insurance for Foreign National Employee | Miami"},"content":{"rendered":"\n
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Key Person Insurance | Miami<\/p>

Key person insurance for a foreign national employee, planned with a CPA's view of tax and cash flow<\/h1>

Learn how a business can insure a valued foreign national employee, what the death benefit is meant to cover, and what to review before you buy. Nischay Rawal, a licensed insurance agent, offers this coverage separately from the accounting practice.<\/p>

Request a coverage review<\/a><\/div>
Request a coverage review<\/a><\/div><\/div>\n<\/div><\/div>\n\n\n

By Nischay Rawal \u00b7 Published October 21, 2026<\/p>\n\n

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Key person insurance<\/a> for a foreign national employee is allowed when the business has a real financial stake in that person’s work and the employee agrees in writing. Citizenship is not a condition under the Florida statute. This guide explains the rules, the visa questions insurers ask, how the policy is taxed, and what to bring to a coverage review with NR CPAs & Business Advisors, a Miami CPA firm.<\/p>\n

What Key Person Life Insurance Is and Who It Is For<\/h2>\n

Key person life insurance is a policy a business buys on the life of an employee whose death would cause the business a measurable financial loss. The business owns the policy and pays the premiums. The business is also the beneficiary. The employee is the insured person.<\/p>\n

The death benefit goes to the business. The business can use it to cover lost revenue, recruiting costs, or a lender’s concerns after the employee dies.<\/p>\n

Common situations include:<\/p>\n