Key person insurance is a life insurance policy that a company or business purchases on an individual critical to the business. The business is the sole beneficiary of the policy. At Ladder, we can help you turn your term life policy into key person insurance.

The first step is to apply for a policy through Ladder and start your coverage, if approved. Once you're a policyholder, email us at help@ladderlife.com with the subject line "Key person insurance". We'll help you transfer policy ownership to a business. From there, the business can set itself as the sole beneficiary of the policy while you remain the insured individual.