Key employee retention insurance, method & apparatus devices

Abstract

The Key Employee Retention Insurance Policy (product of the invention) is designed to insure the contractually obligated financial risks contained within a Key Employee Retention Employment Contract. It is conceivable that some other company(ies) may develop or write employment contracts and insurance policies with defined incentives and / or defined claim "triggering events" that vary from those presented in this patent application and or provided sample contracts; or name their programs to not include the words "Key Employee Retention." The overarching premise of this invention is the creation, via insurance calculation implementation and delivery platform of an insurance policy, to cover the financial risks associated with a company entering into a contract with an employee within which the company is creating a financial obligation as an incentive to employees to remain employed with the company until reaching the contractually defined retirement age or permutation therein contained in the contract.