Key Person Insurance for Canadian Business Owners
One person keeps your business running. Protect them — and protect your business.
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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.
Life insurance for a business bank loan →👥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.
Death of a key person: life insurance solutions →🩺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.
Disability of a key person: understanding coverage →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
Why Key Person Insurance
The risk is low probability but high severity — exactly what insurance is designed for.
How Much Key Person Life Insurance Do You Need?
Three methods for calculating the right coverage amount, including the one underwriters use.
Life Insurance for a Business Bank Loan
What lenders require, how collateral assignment works, and when premiums are tax deductible.
Tax Treatment In Canada
Premiums generally aren't deductible — but the death benefit comes out tax-free. Here's how the CRA rules work.