{"id":24494,"date":"2025-05-06T09:17:24","date_gmt":"2025-05-06T13:17:24","guid":{"rendered":"https:\/\/silver.rbcinsurance.com\/en-ca\/?page_id=24494"},"modified":"2026-03-27T09:29:47","modified_gmt":"2026-03-27T13:29:47","slug":"key-person-insurance","status":"publish","type":"page","link":"https:\/\/silver.rbcinsurance.com\/en-ca\/business-insurance\/key-person-insurance\/","title":{"rendered":"Key Person Insurance"},"content":{"rendered":"\n<div class=\"wp-block-rbc-callout-card calloutCard calloutCard__HeroImageBackground  hasDarkBg\" style=\"background:url(https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/03\/Group-key-person-hero-desktop.webp) no-repeat;--bghero-mobi-url:url(https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/03\/Group-key-person-hero-mobile.webp)\">\n<div class=\"wp-block-columns cols-hero-wrapper is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column col-front is-layout-flow wp-block-column-is-layout-flow\">\n<p class=\"rbc-yoast-breadcrum\"><span class=\"rbc-yoast-breadcrum-span\"><span><a href=\"https:\/\/silver.rbcinsurance.com\/en-ca\/\">Home<\/a><\/span><\/span><\/p>\n\n\n\n<h1 class=\"wp-block-heading rbc-callout-heading\" id=\"h-key-person-insurance\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#FFFFFF\" class=\"has-inline-color\">Key person insurance<\/mark><\/h1>\n\n\n\n<p class=\"rbc-override-margin p-large\">Key person insurance helps your business recover from the loss or disability of someone who is invaluable to your company.<\/p>\n\n\n\n<div class=\"wp-block-buttons  get-your-free-quote is-layout-flex wp-block-buttons-is-layout-flex\"><div>\n<div class=\"wp-block-button btn is-style-accent accent\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/silver.rbcinsurance.com\/cgi-bin\/birf\/form.cgi\" data-dig-id=\"LP-24494-d8162bea\" data-dig-category=\"LP\" data-dig-action=\"button click\" data-dig-label=\"Email us-https:\/\/silver.rbcinsurance.com\/cgi-bin\/birf\/form.cgi \">Email us<\/a><\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-rbc-postal-code postal-code-form  postal-code\" data-custom-url=\"\"><div class=\"quote-form \"><div class=\"inputCode\"><label>Your postal code<\/label><input class=\"\" type=\"text\" value=\"\" placeholder=\"A1A 1A1\"\/><\/div><div class=\"inputCode\">\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\"><div>\n<div class=\"wp-block-button btn is-style-accent accent\"><a class=\"wp-block-button__link wp-element-button\" href=\"#\" data-dig-id=\"LP-24494-04a05a90\" data-dig-category=\"LP\" data-dig-action=\"button click\" data-dig-label=\"Get a quote-# \">Get a quote<\/a><\/div>\n<\/div><\/div>\n<\/div><\/div><div class=\"error-msg\"><span class=\"error-msg-span\">Please provide a valid postal code in A1A 1A1 format.<\/span><\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center mar-t-dbl mob-mar-t-dbl\" id=\"h-does-your-business-depend-on-a-key-employee\">Does your business depend on a key employee?<\/h2>\n\n\n\n<div class=\"wp-block-rbc-layout-selector layoutSelector layoutSelector__layout3\">\n<div class=\"wp-block-group is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group layoutSelector__header is-layout-flow wp-block-group-is-layout-flow\">\n<h2 class=\"wp-block-heading\" id=\"h-benefits-of-key-person-insurance\">Benefits of Key Person Insurance<\/h2>\n\n\n\n<p class=\"p-large\">If an insured employee or owner were to pass away or become disabled and unable to work, the benefits payable from a key person life or disability insurance plan could help you to:<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-group layoutSelector__cards-container layoutSelector__is-flex layoutSelector__direction-col is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group layoutSelector__is-flex layoutSelector__direction-row is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-rbc-information-card informationCard  has-icon\" style=\"--icon-url:url(https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/03\/person-1.svg);background-color:#F7F8FA\">\n<div class=\"wp-block-group informationCard__content is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group informationCard__icon-group is-layout-flow wp-block-group-is-layout-flow\">\n<h4 class=\"wp-block-heading\" id=\"h-recruitment\">Recruitment<\/h4>\n<\/div>\n\n\n\n<p>Recruit, hire and train a replacement.<\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-rbc-information-card informationCard  has-icon\" style=\"--icon-url:url(https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/03\/Payment.svg);background-color:#F7F8FA\">\n<div class=\"wp-block-group informationCard__content is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group informationCard__icon-group is-layout-flow wp-block-group-is-layout-flow\">\n<h4 class=\"wp-block-heading\" id=\"h-manage-payments\">Manage payments<\/h4>\n<\/div>\n\n\n\n<p>Pay off debt and manage creditors.<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group layoutSelector__is-flex layoutSelector__direction-row is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-rbc-information-card informationCard  has-icon\" style=\"--icon-url:url(https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/03\/protection.svg);background-color:#F7F8FA\">\n<div class=\"wp-block-group informationCard__content is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group informationCard__icon-group is-layout-flow wp-block-group-is-layout-flow\">\n<h4 class=\"wp-block-heading\" id=\"h-company-s-financial-health\">Company&#8217;s financial health<\/h4>\n<\/div>\n\n\n\n<p>Ease lenders\u2019 concerns about your company\u2019s financial health.<\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-rbc-information-card informationCard  has-icon\" style=\"--icon-url:url(https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/03\/business.svg);background-color:#F7F8FA\">\n<div class=\"wp-block-group informationCard__content is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group informationCard__icon-group is-layout-flow wp-block-group-is-layout-flow\">\n<h4 class=\"wp-block-heading\" id=\"h-business-survival\">Business survival<\/h4>\n<\/div>\n\n\n\n<p>Reassure customers, employees and investors that your business will survive.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-rbc-layout-selector layoutSelector layoutSelector__layout7\">\n<div class=\"wp-block-group is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group layoutSelector__cards-container layoutSelector__is-flex layoutSelector__direction-row is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group layoutSelector__is-flex layoutSelector__direction-col flex-gap-0 flex-1\/3 is-layout-flow wp-block-group-is-layout-flow\">\n<h3 class=\"wp-block-heading\" id=\"h-the-right-choice-if\">The right choice if&#8230;<\/h3>\n\n\n\n<p><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-group layoutSelector__is-flex layoutSelector__direction-col flex-2\/3 is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group layoutSelector__is-flex layoutSelector__direction-row is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-rbc-information-card informationCard\" style=\"--icon-url:url(undefined);background-color:#F7F8FA\">\n<div class=\"wp-block-group informationCard__content is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group informationCard__icon-group is-layout-flow wp-block-group-is-layout-flow\">\n<ul class=\"wp-block-rbc-list is-style-checkmark-icon\">\n<li class=\"wp-block-rbc-list-item\">\n<p>Your business employs someone whose contribution to the company cannot be easily replaced<\/p>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group layoutSelector__cards-container layoutSelector__is-flex layoutSelector__direction-row is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group layoutSelector__is-flex layoutSelector__direction-col flex-gap-0 flex-1\/3 is-layout-flow wp-block-group-is-layout-flow\">\n<h3 class=\"wp-block-heading\" id=\"h-plan-summary\">Plan summary<\/h3>\n\n\n\n<p><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-group layoutSelector__is-flex layoutSelector__direction-col flex-2\/3 is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group layoutSelector__is-flex layoutSelector__direction-row is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-rbc-information-card informationCard\" style=\"--icon-url:url(undefined);background-color:#F7F8FA\">\n<div class=\"wp-block-group informationCard__content is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group informationCard__icon-group is-layout-flow wp-block-group-is-layout-flow\">\n<p class=\"mar-b-hlf mob-mar-b-hlf\"><strong>Key Person Life Insurance<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-checkmark-icon mar-b-hlf mob-mar-b-hlf\">\n<li class=\"wp-block-rbc-list-item\">\n<p>A wide range of coverage amounts are available<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Choose from term and permanent life insurance<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Life insurance proceeds are tax-free<\/p>\n<\/li>\n<\/ul>\n\n\n\n<p><strong>Key Person Disability Insurance<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-checkmark-icon mar-b-hlf mob-mar-b-hlf mar-t-hlf mob-mar-t-hlf\">\n<li class=\"wp-block-rbc-list-item\">\n<p>Ages 18-55 eligible to be insured<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Policy can be maintained until the insured turns 62 or leaves the company<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Benefits range from $2,500-$15,000 per month for 12 months<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Benefits can start after either 60 or 90 days of total disability<\/p>\n<\/li>\n<\/ul>\n\n\n\n<p>The information above is a summary only. Please see a <a href=\"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2021\/06\/key-person-protector-sample-policy.pdf\" target=\"_blank\" data-dig-id=\"LP-24494-60c04490\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"sample policy\" class=\"rbc-link-format standalone-pdf\" data-icon-class=\"standalone-pdf\" rel=\"noreferrer noopener\">sample policy<\/a> for complete details on terms and conditions, including benefits and exclusions.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-rbc-faq faq\"><div class=\"faq__header\"><h2><span class=\"partial__border-bottom\">Frequently asked questions<\/span> about key person insurance<\/h2><\/div><div class=\"faq__content\">\n<div class=\"wp-block-rbc-rbc-collapsible-accordion accordion\" id=\"&quot;accordionSet1\">\n<div class=\"wp-block-rbc-rbc-collapsible-panel\"><div class=\"accordion-panel\"><button id=\"accordion-title6r8z3zc3\" class=\"collapse-toggle collapsed\" data-target=\"#accordion6r8z3zc3\" data-toggle=\"collapse\" data-parent=\"#accordionSet1\" aria-expanded=\"false\" data-dig-id=\"LP-24494-6r8z3zc3\" aria-controls=\"accordion6r8z3zc3\" data-dig-category=\"LP\" data-dig-action=\"collapsible closed\" data-dig-label=\"What kind of employee would be a key person?\" action-closed=\"collapsible closed\" action-opened=\"collapsible open\"><div>What kind of employee would be a key person?<\/div><\/button><div class=\"collapse-content collapse\" id=\"accordion6r8z3zc3\" role=\"region\" aria-labelledby=\"accordion-title6r8z3zc3\"><div class=\"collapse-inner\">\n<p>A key person is an employee or a business partner\/owner whose skills and intellectual capital are so valuable that your business would suffer substantial financial losses due to that person&#8217;s death or inability to work due to a disability. This person has knowledge, skills or talent that few others can duplicate. The industry he or she works in, or the nature of the work, may be so specialized (such as research or design) that there are few others with the skills needed. In addition, the unique skills held by a key person may not have been acquired through education or experience but through their own creativity, talents and interests.<\/p>\n<\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbc-rbc-collapsible-panel\"><div class=\"accordion-panel\"><button id=\"accordion-titleuf95jlbs\" class=\"collapse-toggle collapsed\" data-target=\"#accordionuf95jlbs\" data-toggle=\"collapse\" data-parent=\"#accordionSet1\" aria-expanded=\"false\" data-dig-id=\"LP-24494-uf95jlbs\" aria-controls=\"accordionuf95jlbs\" data-dig-category=\"LP\" data-dig-action=\"collapsible closed\" data-dig-label=\"Why is key person insurance so important?\" action-closed=\"collapsible closed\" action-opened=\"collapsible open\"><div>Why is key person insurance so important?<\/div><\/button><div class=\"collapse-content collapse\" id=\"accordionuf95jlbs\" role=\"region\" aria-labelledby=\"accordion-titleuf95jlbs\"><div class=\"collapse-inner\">\n<p>Key person insurance can provide your business with the working capital it needs to keep operating and to fund the recruitment and training of a replacement should a key person pass away or become totally disabled. If the key person is the most significant contributor to your business, your company may not be able to continue operating without that person. In that case, key person insurance could compensate you (or your other business owners) for lost income should your business have to close.<\/p>\n<\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbc-rbc-collapsible-panel\"><div class=\"accordion-panel\"><button id=\"accordion-titlekxc20jq6\" class=\"collapse-toggle collapsed\" data-target=\"#accordionkxc20jq6\" data-toggle=\"collapse\" data-parent=\"#accordionSet1\" aria-expanded=\"false\" data-dig-id=\"LP-24494-kxc20jq6\" aria-controls=\"accordionkxc20jq6\" data-dig-category=\"LP\" data-dig-action=\"collapsible closed\" data-dig-label=\"How long does key person life insurance provide coverage?\" action-closed=\"collapsible closed\" action-opened=\"collapsible open\"><div>How long does key person life insurance provide coverage?<\/div><\/button><div class=\"collapse-content collapse\" id=\"accordionkxc20jq6\" role=\"region\" aria-labelledby=\"accordion-titlekxc20jq6\"><div class=\"collapse-inner\">\n<p>This depends on the type of life insurance plan you choose for the policy. For example, term life insurance can provide coverage for 10 or 20 years at a time. However, a permanent plan like universal life insurance could provide protection for the entire lifetime of the insured person.<\/p>\n<\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbc-rbc-collapsible-panel\"><div class=\"accordion-panel\"><button id=\"accordion-titledzpn5yc0\" class=\"collapse-toggle collapsed\" data-target=\"#accordiondzpn5yc0\" data-toggle=\"collapse\" data-parent=\"#accordionSet1\" aria-expanded=\"false\" data-dig-id=\"LP-24494-dzpn5yc0\" aria-controls=\"accordiondzpn5yc0\" data-dig-category=\"LP\" data-dig-action=\"collapsible closed\" data-dig-label=\"How long does key person disability insurance provide coverage?\" action-closed=\"collapsible closed\" action-opened=\"collapsible open\"><div>How long does key person disability insurance provide coverage?<\/div><\/button><div class=\"collapse-content collapse\" id=\"accordiondzpn5yc0\" role=\"region\" aria-labelledby=\"accordion-titledzpn5yc0\"><div class=\"collapse-inner\">\n<p>The key person disability insurance plan offers coverage until:<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>The insured person reaches the specified age stated in the contract; or<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>The date the insured ends active full-time employment for any reason other than total disability; or<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>The date the maximum benefit period has been met for any one period of total disability; or<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>The date benefits become payable under the replacement expense benefit provision<\/p>\n<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbc-rbc-collapsible-panel\"><div class=\"accordion-panel\"><button id=\"accordion-title1qx3vuwr\" class=\"collapse-toggle collapsed\" data-target=\"#accordion1qx3vuwr\" data-toggle=\"collapse\" data-parent=\"#accordionSet1\" aria-expanded=\"false\" data-dig-id=\"LP-24494-1qx3vuwr\" aria-controls=\"accordion1qx3vuwr\" data-dig-category=\"LP\" data-dig-action=\"collapsible closed\" data-dig-label=\"What is the definition of &quot;total disability&quot; for key person disability insurance?\" action-closed=\"collapsible closed\" action-opened=\"collapsible open\"><div>What is the definition of &#8220;total disability&#8221; for key person disability insurance?<\/div><\/button><div class=\"collapse-content collapse\" id=\"accordion1qx3vuwr\" role=\"region\" aria-labelledby=\"accordion-title1qx3vuwr\"><div class=\"collapse-inner\">\n<p>Under the key person disability insurance plan, &#8220;total disability&#8221; means that because of injury or sickness, the insured person is under the regular and personal care of a physician and is unable to perform the important duties of his or her regular occupation.<\/p>\n<\/div><\/div><\/div><\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-rbc-callout-card calloutCard calloutCard__image\" style=\"background-color:#F7F8FA\">\n<div class=\"wp-block-columns cols is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column col-left is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h2 class=\"wp-block-heading\" id=\"h-want-to-know-more\">Want to know more?<\/h2>\n\n\n\n<p class=\"rbc-override-margin p-large\">Ask us how key person insurance can help protect your business.<\/p>\n\n\n\n<div class=\"wp-block-group is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-buttons  get-your-free-quote is-layout-flex wp-block-buttons-is-layout-flex\"><div>\n<div class=\"wp-block-button btn is-style-primary primary\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/silver.rbcinsurance.com\/cgi-bin\/birf\/form.cgi\" data-dig-id=\"LP-24494-d660e47f\" data-dig-category=\"LP\" data-dig-action=\"button click\" data-dig-label=\"Email us-https:\/\/silver.rbcinsurance.com\/cgi-bin\/birf\/form.cgi \">Email us<\/a><\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-rbc-postal-code postal-code-form  postal-code\" data-custom-url=\"\"><div class=\"quote-form \"><div class=\"inputCode\"><label>Your postal code<\/label><input class=\"\" type=\"text\" value=\"\" placeholder=\"A1A 1A1\"\/><\/div><div class=\"inputCode\">\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\"><div>\n<div class=\"wp-block-button btn is-style-accent accent\"><a class=\"wp-block-button__link wp-element-button\" href=\"#\" data-dig-id=\"LP-24494-a4b8a572\" data-dig-category=\"LP\" data-dig-action=\"button click\" data-dig-label=\"Get a quote-# \">Get a quote<\/a><\/div>\n<\/div><\/div>\n<\/div><\/div><div class=\"error-msg\"><span class=\"error-msg-span\">Please provide a valid postal code in A1A 1A1 format.<\/span><\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p>Want to meet? <a href=\"https:\/\/services.rbcinsurance.com\/StoreAdvisorLocator\/\" data-dig-id=\"LP-24494-16be4285\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Find an advisor or store.\" class=\"rbc-link-format\">Find an advisor or store.<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column col-right is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"607\" height=\"573\" src=\"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/03\/Key-Person_Get-Help-Card.webp?quality=80&amp;w=607\" alt=\"A smiling woman at work happy she has key person insurance\" class=\"wp-image-25142\" srcset=\"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/03\/Key-Person_Get-Help-Card.webp 607w, https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/03\/Key-Person_Get-Help-Card.webp?resize=300,283 300w, https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/03\/Key-Person_Get-Help-Card.webp?resize=412,389 412w\" sizes=\"auto, (max-width: 607px) 100vw, 607px\" \/><\/figure>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<section class=\"wp-block-rbc-rbc-legal-collapsible disclaimer\" aria-label=\"Legal Disclaimers\"><div class=\"section-inner\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapseDisclaimer\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapseDisclaimer\" data-dig-id=\"LP-24494-9321853e\" data-dig-category=\"LP\" data-dig-action=\"legal close\" data-dig-label=\"legal close\" action-closed=\"legal close\" action-opened=\"legal open\" label-close=\"legal open\" label-open=\"legal close\"><span>View Legal Disclaimers<\/span><span>Hide Legal Disclaimers<\/span><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapseDisclaimer\"><div class=\"collapse-inner\"><div class=\"table-wpr\">\n<div class=\"wp-block-rbc-rbc-disclaimer-block\"><div class=\"table-row\" id=\"legal-1\"><div class=\"table-cell\"><span class=\"offscreen\">Legal Disclaimer<\/span><sup><\/sup><\/div><div class=\"table-cell\">\n<p>The information above is a summary only. Please see a <a href=\"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2021\/06\/key-person-protector-sample-policy.pdf\" target=\"_blank\" data-dig-id=\"LP-24494-126a0bc6\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"sample policy\" class=\"rbc-link-format standalone-pdf\" data-icon-class=\"standalone-pdf\" rel=\"noreferrer noopener\">sample policy<\/a> for complete details on terms and conditions, including benefits and exclusions.<\/p>\n<\/div><\/div><\/div>\n<\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"<p>Does your business depend on a key employee?<\/p>\n","protected":false},"author":196,"featured_media":0,"parent":15090,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"templates\/new-rbci-design.php","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-24494","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Key Person Insurance | RBC Insurance<\/title>\n<meta name=\"description\" content=\"Discover how key person insurance can help your business survive the loss or disability of someone who is invaluable to your company.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/silver.rbcinsurance.com\/en-ca\/business-insurance\/key-person-insurance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Key Person Insurance | RBC Insurance\" \/>\n<meta property=\"og:description\" content=\"Discover how key person insurance can help your business survive the loss or disability of someone who is invaluable to your company.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/silver.rbcinsurance.com\/en-ca\/business-insurance\/key-person-insurance\/\" \/>\n<meta property=\"og:site_name\" content=\"RBC Insurance\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-27T13:29:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/03\/Key-Person_Get-Help-Card.webp?quality=80\" \/>\n\t<meta property=\"og:image:width\" content=\"607\" \/>\n\t<meta property=\"og:image:height\" content=\"573\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/business-insurance\\\/key-person-insurance\\\/\",\"url\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/business-insurance\\\/key-person-insurance\\\/\",\"name\":\"Key Person Insurance | RBC Insurance\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/business-insurance\\\/key-person-insurance\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/business-insurance\\\/key-person-insurance\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/03\\\/Key-Person_Get-Help-Card.webp?quality=80&amp;w=607\",\"datePublished\":\"2025-05-06T13:17:24+00:00\",\"dateModified\":\"2026-03-27T13:29:47+00:00\",\"description\":\"Discover how key person insurance can help your business survive the loss or disability of someone who is invaluable to your company.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/business-insurance\\\/key-person-insurance\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/business-insurance\\\/key-person-insurance\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/business-insurance\\\/key-person-insurance\\\/#primaryimage\",\"url\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/03\\\/Key-Person_Get-Help-Card.webp?quality=80\",\"contentUrl\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/03\\\/Key-Person_Get-Help-Card.webp?quality=80\",\"width\":607,\"height\":573},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/business-insurance\\\/key-person-insurance\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business Insurance\",\"item\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/business-insurance\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Key Person Insurance\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/#website\",\"url\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/\",\"name\":\"RBC Insurance\",\"description\":\"Personal Insurance\",\"publisher\":{\"@id\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/#organization\",\"name\":\"RBC Insurance\",\"url\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/06\\\/rbc-logo-shield.svg?quality=80&w=1024\",\"contentUrl\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/06\\\/rbc-logo-shield.svg?quality=80&w=1024\",\"width\":\"1024\",\"height\":\"1024\",\"caption\":\"RBC Insurance\"},\"image\":{\"@id\":\"https:\\\/\\\/silver.rbcinsurance.com\\\/en-ca\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"description\":\"RBC Insurance offers personal insurance such as car, home, life, health, travel and creditor insurance, plus retirement investment solutions to Canadians.\",\"telephone\":\"1-800-769-2568\",\"legalName\":\"RBC Insurance Services Inc.\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"1001\",\"maxValue\":\"5000\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Key Person Insurance | RBC Insurance","description":"Discover how key person insurance can help your business survive the loss or disability of someone who is invaluable to your company.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/silver.rbcinsurance.com\/en-ca\/business-insurance\/key-person-insurance\/","og_locale":"en_US","og_type":"article","og_title":"Key Person Insurance | RBC Insurance","og_description":"Discover how key person insurance can help your business survive the loss or disability of someone who is invaluable to your company.","og_url":"https:\/\/silver.rbcinsurance.com\/en-ca\/business-insurance\/key-person-insurance\/","og_site_name":"RBC Insurance","article_modified_time":"2026-03-27T13:29:47+00:00","og_image":[{"width":607,"height":573,"url":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/03\/Key-Person_Get-Help-Card.webp?quality=80","type":"image\/webp"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/silver.rbcinsurance.com\/en-ca\/business-insurance\/key-person-insurance\/","url":"https:\/\/silver.rbcinsurance.com\/en-ca\/business-insurance\/key-person-insurance\/","name":"Key Person Insurance | RBC Insurance","isPartOf":{"@id":"https:\/\/silver.rbcinsurance.com\/en-ca\/#website"},"primaryImageOfPage":{"@id":"https:\/\/silver.rbcinsurance.com\/en-ca\/business-insurance\/key-person-insurance\/#primaryimage"},"image":{"@id":"https:\/\/silver.rbcinsurance.com\/en-ca\/business-insurance\/key-person-insurance\/#primaryimage"},"thumbnailUrl":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/03\/Key-Person_Get-Help-Card.webp?quality=80&amp;w=607","datePublished":"2025-05-06T13:17:24+00:00","dateModified":"2026-03-27T13:29:47+00:00","description":"Discover how key person insurance can help your business survive the loss or disability of someone who is invaluable to your company.","breadcrumb":{"@id":"https:\/\/silver.rbcinsurance.com\/en-ca\/business-insurance\/key-person-insurance\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/silver.rbcinsurance.com\/en-ca\/business-insurance\/key-person-insurance\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/silver.rbcinsurance.com\/en-ca\/business-insurance\/key-person-insurance\/#primaryimage","url":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/03\/Key-Person_Get-Help-Card.webp?quality=80","contentUrl":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/03\/Key-Person_Get-Help-Card.webp?quality=80","width":607,"height":573},{"@type":"BreadcrumbList","@id":"https:\/\/silver.rbcinsurance.com\/en-ca\/business-insurance\/key-person-insurance\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/silver.rbcinsurance.com\/en-ca\/"},{"@type":"ListItem","position":2,"name":"Business Insurance","item":"https:\/\/silver.rbcinsurance.com\/en-ca\/business-insurance\/"},{"@type":"ListItem","position":3,"name":"Key Person Insurance"}]},{"@type":"WebSite","@id":"https:\/\/silver.rbcinsurance.com\/en-ca\/#website","url":"https:\/\/silver.rbcinsurance.com\/en-ca\/","name":"RBC Insurance","description":"Personal Insurance","publisher":{"@id":"https:\/\/silver.rbcinsurance.com\/en-ca\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/silver.rbcinsurance.com\/en-ca\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/silver.rbcinsurance.com\/en-ca\/#organization","name":"RBC Insurance","url":"https:\/\/silver.rbcinsurance.com\/en-ca\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/silver.rbcinsurance.com\/en-ca\/#\/schema\/logo\/image\/","url":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2021\/06\/rbc-logo-shield.svg?quality=80&w=1024","contentUrl":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2021\/06\/rbc-logo-shield.svg?quality=80&w=1024","width":"1024","height":"1024","caption":"RBC Insurance"},"image":{"@id":"https:\/\/silver.rbcinsurance.com\/en-ca\/#\/schema\/logo\/image\/"},"description":"RBC Insurance offers personal insurance such as car, home, life, health, travel and creditor insurance, plus retirement investment solutions to Canadians.","telephone":"1-800-769-2568","legalName":"RBC Insurance Services Inc.","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"1001","maxValue":"5000"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/pages\/24494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/users\/196"}],"replies":[{"embeddable":true,"href":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/comments?post=24494"}],"version-history":[{"count":18,"href":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/pages\/24494\/revisions"}],"predecessor-version":[{"id":35403,"href":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/pages\/24494\/revisions\/35403"}],"up":[{"embeddable":true,"href":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/pages\/15090"}],"wp:attachment":[{"href":"https:\/\/silver.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/media?parent=24494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}