Your company may have a key person whose lose would cripple your business. This might be a manager or a sales person or an owner. Your business can acquire life insurance and disability income that protects the business from the loss of this key person.
Some business owners take this to the next level by putting together a “Golden Handcuffs” program to entice that key person to continue working for the company. How it works is the plan says “Work for me for the next XX years and I will provide this special retirement supplement. If you die prematurely I will give it to your family. Quit and you lose this special benefit.”