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A business succession plan is far more than a legal document designed to pass your possessions on to beneficiaries.

In addition to providing the cash to recruit, hire, and train replacements, key person insurance can help replace lost profits so that the success of your business may continue uninterrupted.

For the owner of an interest in a small-to medium-sized business, such as a proprietorship, partnership, or corporation, the problem of an untimely death cannot be underscored too markedly.

If the ongoing success of your business depends on one or more key individuals, you may want to consider the role that insurance can play in protecting your business.