What Does Key Person Insurance from RiskCube Cover?
RiskCube brokers key person life insurance, a business-owned policy that pays the company a lump sum if the insured person dies.
RiskCube Key Person Life Insurance · Updated
What Is RiskCube’s Role in 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. 1
Company-reportedProduct page description of policy structure.
Who Issues RiskCube Key Person Insurance?
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. 1,3
Not publicly disclosedPublic pages checked on 2026-09-23; a life-line license or appointment could exist without being listed on this page.
Who Is RiskCube Key Person Insurance 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
Company-reportedProduct-page description of typical buyers; a specific investor or lender requirement still governs the required amount.
What Coverage Features Does RiskCube Key Person Insurance Include?
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
Company-reportedProduct-page summary of standard term life structure; the issued policy and any riders control.
What Limits and Retentions Does RiskCube Key Person Insurance Have?
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
Company-reportedIllustrative structures from the FAQ; actual amount depends on underwriting and the specific investor or lender requirement.
What Risk Services Come With RiskCube Key Person Insurance?
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
Company-reportedSingle example cited on the product page; not a documented standard servicing process.
How Do You Apply for RiskCube Key Person Insurance?
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. 1,2
Company-reportedCombines the product page's process description with the notice's proposed-insured participation section.
How Does RiskCube Handle Key Person Insurance Claims?
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
Company-reportedPlacement/binding condition rather than a post-claim handling process; the notice does not describe claims filing or payout timelines.
RiskCube Key Person Insurance Compared With Other Providers
Other Coverage Lines Documented for RiskCube
Sources for RiskCube Key Person Insurance
- Key Person Life Insurance for Startups. 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.
- Key Person Life Insurance 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.
- Licenses & Disclosures. RiskCube; Property & Casualty Producer/Broker Licenses: California (resident, No. 6017028) and Delaware (No. 3004000392); no life-line license listed. Accessed 2026-09-23.