RiskCube Key Person Insurance

RiskCube places key person life insurance as a business-owned policy in which the company is both the policy owner and beneficiary; RiskCube acts as broker and does not itself carry the risk. ¹Company-reportedProduct page description of policy structure.

RiskCube's key person page and notice do not name the issuing life insurer. Its licenses page lists only property-and-casualty producer/broker licenses for California and Delaware, and does not show a life-line license for RiskCube Insurance Services, LLC. ^1,3Not publicly disclosedPublic pages checked on 2026-09-23; a life-line license or appointment could exist without being listed on this page.

RiskCube says key person coverage is most often driven by investor term-sheet closing conditions, venture-lender loan covenants (naming Hercules, Silicon Valley Bank and Western Technology Investment as examples), and is most commonly triggered for solo founders because there is no co-founder fallback. ¹Company-reportedProduct-page description of typical buyers; a specific investor or lender requirement still governs the required amount.

RiskCube lists the death of the insured person during the policy term as the covered event, paying the company a lump-sum benefit; disability, critical illness, voluntary departure or resignation, and a personal (non-company) beneficiary are excluded or handled separately, per the page's "What is not covered" section. ¹Company-reportedProduct-page summary of standard term life structure; the issued policy and any riders control.

RiskCube says common key person benefit structures are 5-10x the key person's annual compensation, the outstanding venture-debt balance, or a fixed term-sheet amount commonly between $1 million and $5 million, with the exact amount set by the investor or lender rather than a RiskCube maximum. ¹Company-reportedIllustrative structures from the FAQ; actual amount depends on underwriting and the specific investor or lender requirement.

RiskCube says it can replace a key person policy when the insured individual changes, such as a change in CEO, to help maintain compliance with a venture-debt covenant. ¹Company-reportedSingle example cited on the product page; not a standard servicing process the provider describes.

Applying involves two separate steps: a company-level digital intake describing the business and the proposed insured's role, and a separate proposed-insured process requiring the individual's own consent and, before medical or underwriting information is collected, carrier-specific authorization and application forms. ^1,2Company-reportedCombines the product page's process description with the notice's proposed-insured participation section.

RiskCube's notice says a company or authorized party may require the proposed insured's separate written consent before any key person policy is submitted, issued, delivered or placed in force, and that the general notice does not itself substitute for that required consent. ²Company-reportedPlacement/binding condition rather than a post-claim handling process; the notice does not describe claims filing or payout timelines.