Key Person Insurance for Canadian Business Owners
One person keeps your business running. Protect them — and protect your business.
How Would You Like to Get Started?
Choose the path that fits where you are right now.
🔢How Much Do I Need?
Use our coverage estimator to find the right number before you buy. Takes 2 minutes.
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Key person insurance isn't for every business — but if any of these sound familiar, it probably is.
🏦You have a business loan
BDC, RBC, and most major Canadian lenders require key person coverage as a condition of financing. If your lender hasn't asked yet, they may — and if the key person dies while the loan is outstanding, the bank won't wait.
See the loan coverage method →👥You're in a partnership or have a co-owner
One partner drives most of the revenue — or both of you do. If one disappears, can the other keep the business running and buy out the estate? Key person coverage funds the answer.
Key person insurance for partnerships →🩺You are the business
Doctors, dentists, lawyers, accountants — your practice exists because of you. There's no revenue without you, no one to buy you out, and potentially a significant loan tied to your name. This is exactly what key person insurance is for.
Key person for professional corporations →As featured in
Glenn Cooke | The Term GuyGlenn Cooke
Canada's Key Person Insurance Specialist
I've been in the insurance industry since 1987, and working directly with Canadians online since 2006. With a background in actuarial science (BMath) and over 3,000 clients served, I understand both the numbers and the people behind them.
I work online, across Canada — no pressure, no runaround. Just straightforward advice from someone who's been doing this a long time.
Learn Before You Buy
From our guide: The Complete Guide to Key Person Insurance in Canada
Do Banks Actually Require Key Person Insurance?
Yes — and here's exactly when, and what they're looking for.
How Much Does Your Business Really Need?
Three methods for calculating the right coverage amount.
Key Person vs. Buy-Sell Agreement — What's the Difference?
They're often confused. Here's how they work together.
Tax Treatment of Key Person Insurance in Canada
What the CRA says, and how to structure it correctly.