ACS Group Key Person Life Insurance

Key Person Life Insurance, also known as key employee insurance, is coverage that helps protect your small business in case of an untimely death of the business owner or top-performing employee. The business pays for the coverage and it is also the beneficiary (and/or owner) while the employee is the insured. The life insurance proceeds could be used to help offset the financial loss that may occur in the event of the death of a key employee. This coverage offers financial security to business owners like you.

To learn more about Key Person Life Insurance, please contact the ACS Plan Administrator.

Email Customer Service

Or call 1-800-752-0179 to speak directly with an insurance specialist.


ACS group term life, 10-year, and 20-year level term life insurance policies can serve as a key person insurance policy for ACS member business owners. The applications for coverage allow you to designate the beneficiary of your choice and/or assign an owner other than yourself. For key person life insurance, you can choose one of the following arrangements when applying for coverage:

  • You designate the business to be your beneficiary. You are the owner of the policy and pay the premium.
  • You designate the business to be both the policy owner and the beneficiary. The business pays the premium.

See brochure to find out more about the features, costs, eligibility, renewability, limitations, and exclusions.


ACS Plan Administrator:
Pearl Insurance
1200 East Glen Avenue
Peoria Heights, IL 61616-5348

Phone: 800-752-0179
Hours: 7 a.m. – 7 p.m. (Central)

Email: Customer Service

Insurance Underwriter:
New York Life Insurance Company
51 Madison Avenue
New York, NY 10010

New York Life is licensed/authorized to transact business in all of the 50 United States, the District of Columbia, Puerto Rico, and Canada. However, not all group policies it underwrites are available in all jurisdictions. Please check the applicable insurance brochures for current availability. New York Life’s state of domicile is New York, and NAIC ID # is 66915.

Find out how much coverage you need.
Estimate Your Need