Most businesses have an individual who is key to the success and profitability of the business, a ‘key person’. The death, illness or disability of this person can have a negative financial impact on your business.

From suffering a financial loss to missing out on important personal and business contacts and becoming deprived of detailed knowledge of the business’ processing and systems, the effects of losing a key person can be disastrous for your business.

Having the right protection in place can help to ease all of these problems. The Key Person Protection Plan is designed to provide a cash injection if the key person dies. It can’t stop the unthinkable from happening, but it can make dealing with the consequences a little easier.

What are the benefits of the Key Person Insurance?

  • The plan provides life insurance for the length of time that you choose. 
  • It pays a lump sum upon the death of the Key Person.