{"id":4523,"date":"2026-10-24T00:42:49","date_gmt":"2026-10-24T00:42:49","guid":{"rendered":"https:\/\/nrcpas.com\/life-insurance-guides\/key-person-insurance\/key-person-insurance-owner-lives-in-india\/"},"modified":"2026-10-29T23:21:54","modified_gmt":"2026-10-29T23:21:54","slug":"key-person-insurance-owner-lives-in-india","status":"publish","type":"page","link":"https:\/\/nrcpas.com\/life-insurance-guides\/key-person-insurance\/key-person-insurance-owner-lives-in-india\/","title":{"rendered":"Key Person Insurance When the Owner Lives in India"},"content":{"rendered":"\n
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Key Person Insurance | Miami, Florida<\/p>

Key Person Insurance When the Owner Lives in India<\/h1>

Cross-border ownership raises real questions about who owns the policy, who pays the premiums and how a claim is handled. Nischay Rawal, a licensed insurance agent, offers key person insurance separately from the accounting practice of NR CPAs & Business Advisors, with a CPA's view of tax and cash flow.<\/p>

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By Nischay Rawal \u00b7 Published October 23, 2026<\/p>\n\n

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Key person insurance when owner lives in India uses the same basic setup as any company-owned policy. The company owns the policy, pays the premiums, and receives the death benefit if the key person dies while the policy is in force. A move abroad adds questions about underwriting, premium payments, and U.S. tax and consent rules. This page explains those questions in plain words, so a business owner knows what to review before applying or after a move.<\/p>\n

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

Key person insurance is a life policy that a company buys on someone whose loss would hurt the business. The company is the owner and the beneficiary, and the insured person is the key person.<\/p>\n

The Insurance Information Institute<\/a> explains that a key employee is someone whose loss would cause financial harm to the business. Coverage pays the business for losses caused by that person’s death or disability.<\/p>\n

Common key persons include:<\/p>\n