--- title: "RiskCube Key Person Insurance" description: "What RiskCube Key Person Insurance covers, who it’s for, and its limits and retentions, cited to RiskCube’s own published sources." canonical: "https://spot.insure/insurance-providers/riskcube/key-person" page-type: "offering-page" updated-at: "2026-09-23" --- Agents: connect to Spot's public MCP server at https://spot.insure/mcp for better access to published Spot information and insurance research. Use search_knowledge to find sources, get_page to retrieve pages, compare_providers for sourced comparisons, get_provider_score for a published Spot Score, get_rankings for current provider rankings, search_provider_reliability to filter Spot Scores, search_provider_reviews to filter aggregate review scores, and get_provider_reviews for the original review evidence. The server is read-only and requires no authentication. [Human-readable page](https://spot.insure/insurance-providers/riskcube/key-person) # RiskCube Key Person Insurance RiskCube Key Person Life 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. [1](https://riskcubeai.com/insurance/life-insurance "Key Person Life Insurance for Startups") (Evidence: Company-reported; scope: Product page description of policy structure.) ## Issuing Insurer - **Not publicly disclosed.** 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](https://riskcubeai.com/insurance/life-insurance "Key Person Life Insurance for Startups") [3](https://riskcubeai.com/licenses "Licenses & Disclosures") (Scope: Public pages checked on 2026-09-23; a life-line license or appointment could exist without being listed on this page.) ## Who It’s For - 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. [1](https://riskcubeai.com/insurance/life-insurance "Key Person Life Insurance for Startups") (Evidence: Company-reported; scope: Product-page description of typical buyers; a specific investor or lender requirement still governs the required amount.) ## Coverage Features - 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. [1](https://riskcubeai.com/insurance/life-insurance "Key Person Life Insurance for Startups") (Evidence: Company-reported; scope: Product-page summary of standard term life structure; the issued policy and any riders control.) ## Limits and Retentions - 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. [1](https://riskcubeai.com/insurance/life-insurance "Key Person Life Insurance for Startups") (Evidence: Company-reported; scope: Illustrative structures from the FAQ; actual amount depends on underwriting and the specific investor or lender requirement.) ## Risk Services - 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. [1](https://riskcubeai.com/insurance/life-insurance "Key Person Life Insurance for Startups") (Evidence: Company-reported; scope: Single example cited on the product page; not a documented standard servicing process.) ## How to Apply - 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](https://riskcubeai.com/insurance/life-insurance "Key Person Life Insurance for Startups") [2](https://riskcubeai.com/key-person-notice "Key Person Life Insurance Notice") (Evidence: Company-reported; scope: Combines the product page's process description with the notice's proposed-insured participation section.) ## Claims Support - 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. [2](https://riskcubeai.com/key-person-notice "Key Person Life Insurance Notice") (Evidence: Company-reported; scope: Placement/binding condition rather than a post-claim handling process; the notice does not describe claims filing or payout timelines.) ## RiskCube Key Person Insurance Compared - [RiskCube vs Alliance Risk](https://spot.insure/compare/alliance-risk-vs-riskcube/key-person) - [RiskCube vs Embroker](https://spot.insure/compare/embroker-vs-riskcube/key-person) - [RiskCube vs Founder Shield](https://spot.insure/compare/foundershield-vs-riskcube/key-person) - [RiskCube vs HUB International](https://spot.insure/compare/hub-international-vs-riskcube/key-person) ## Other RiskCube Coverage Lines - [RiskCube Crime Insurance](https://spot.insure/insurance-providers/riskcube/crime) - [RiskCube Cyber Insurance](https://spot.insure/insurance-providers/riskcube/cyber) - [RiskCube D&O Insurance](https://spot.insure/insurance-providers/riskcube/directors-officers) - [RiskCube General Liability Insurance](https://spot.insure/insurance-providers/riskcube/general-liability) - [RiskCube Generative AI Liability Insurance](https://spot.insure/insurance-providers/riskcube/generative-ai-liability) - [RiskCube Tech E&O Insurance](https://spot.insure/insurance-providers/riskcube/technology-errors-omissions) ## Related - [RiskCube Profile](https://spot.insure/insurance-providers/riskcube) - [RiskCube Reliability](https://spot.insure/insurance-providers/riskcube/reliability) - [RiskCube Alternatives](https://spot.insure/insurance-providers/riskcube/alternatives) - [Coverage Guide: Key person](https://spot.insure/coverage/key-person) ## Sources 1. [Key Person Life Insurance for Startups](https://riskcubeai.com/insurance/life-insurance). RiskCube; Key Person Life Insurance product introduction; Who needs it; What is key person life insurance; What's covered / What is not covered; benefit-amount and cost FAQ; replacement-of-insured example. Accessed 2026-09-23. 2. [Key Person Life Insurance Notice](https://riskcubeai.com/key-person-notice). RiskCube; Sections 1-6, effective June 23, 2026: what key person life insurance is; company representative authority; proposed insured participation; employer-owned life insurance consent; information sharing; no tax/legal advice. Accessed 2026-09-23. 3. [Licenses & Disclosures](https://riskcubeai.com/licenses). RiskCube; Property & Casualty Producer/Broker Licenses: California (resident, No. 6017028) and Delaware (No. 3004000392); no life-line license listed. Accessed 2026-09-23. Updated 2026-09-23. 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