Key Person Insurance Calculator
Calculate the appropriate coverage amount for key employee life insurance based on revenue impact and replacement costs.
Financial Disclaimer
This calculator is for educational purposes only and does not constitute financial advice. Results are estimates based on the inputs provided. Consult a qualified financial advisor before making investment or financial planning decisions.
Inputs
Results
Recommended Coverage
$750,000.00
How to Use This Calculator
- Enter the key person's annual salary.
- Input the company's annual revenue and the percentage attributable to this person.
- Enter the estimated cost and time to recruit and train a replacement.
- Review the recommended coverage amount based on revenue contribution and replacement cost.
- Consult a business insurance specialist to set an appropriate policy face value.
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