The Term Guykeypersoninsurance.ca

Coverage Estimator

How Much Key Person Insurance Does Your Business Need?

Fill in the details below and we'll calculate your coverage estimate using three different methods — the same approaches used by Canadian underwriters.

Tell Us About Your Business

Enter $0 for any amount that doesn't apply to your situation.

Key Person Profile

Total compensation.

$

Combined compensation of all owners and managers, including the key person.

$

What you would pay a qualified replacement.

$

Years until a replacement is fully effective.

years

Business Impact

Total business revenue expected over the transition period.

$

% of sales the business can hold onto without the key person. Default: 50%.

%

Outstanding balance or limit of business credit line.

$

Estimated goodwill loss, customer attrition, or other indirect costs.

$

Business Loans

Total balance of business loans where the key person's life is material to repayment.

$