keyman insurance. what are the downsides to the employee be

I am a revenue producing employee for a service company. the company wants to take out a keyman policy on me, so that if something were to happen to me, they would be reimbursed for the lost revenue and cost of replacing me. they are going to pay the premium and be the beneficiary. What are my obligations? I don't want to do anything to put my family in jeopardy and honestly find it kind of morbid that my company wants to "profit" in the case of my death.