It depends on the jobs you want the policy to do, such as replacing a key person, funding a buy-sell agreement, repaying business debts or passing value to your family. The coverage amount is usually the total of those jobs, and we work through them with you.
How much business-owned life insurance coverage do I need?
Reviewed by Garrett Agencies Ltd., October 2026. How we write
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More about business-owned life insurance
Life insurance held by the corporation, for funding obligations and planning ahead.
More questions about business-owned life insurance
- What is business-owned life insurance?
- Who should be covered by business-owned life insurance?
- What are the differences between term and permanent business-owned life insurance?
- What are the tax implications of business-owned life insurance?
- What happens to a business-owned life insurance policy if a key person leaves the company?
A question about your coverage? Ask us.
No obligation. We’ll tell you plainly what we think, including when you already have what you need.