Key person life insurance is essential for safeguarding the ongoing stability of your business.

Plan ahead for the survival of your business with key person life insurance

Ensure the continuation of your business.

While standard life insurance provides financial support to an individual’s dependents in the event of income loss, key person life insurance is specifically designed to cover the financial impact a business faces upon the death of an essential employee. This type of insurance is particularly important for staff whose contributions are so critical to the organisation’s operations that the business may struggle to thrive in their absence.

What does key person life insurance have to offer?

The compensation derived from this type of policy is designed to assist the company in maintaining operations while the remaining members of your team acclimate to business management, or until a suitable replacement is hired and adequately trained.

Insurance coverage that businesses should not overlook.

While the expertise and experience of senior staff members can be deemed invaluable, any unforeseen events affecting them could result in significant financial repercussions for your organization. Therefore, it is imperative to protect the future of your business by implementing a robust insurance strategy.

How are the costs of key person life insurance determined?

The cost of your insurance policy may fluctuate based on various factors, including the individual's role, the nature and scale of the business, their age, overall health, and additional considerations.

Additional payout options for every situation.