Financial Help if a Key Individual in Your company were to die
Do you have someone in your business on whose technical expertise, knowledge or business network you rely heavily? Is your business partner
or Managing Director vital to the survival of the business? What would happen if they died or suffered a total and permanent disability? Loss
of turnover? Reduced sales? Difficulty in recruiting and/or training a replacement?
Key Man Plan cover protects your business against the unexpected loss of key individuals, through death or total and permanent disability. It provides
business owners and shareholders with peace of mind knowing that the business could continue without major disruption in the event of a loss
of a key employee. It provides business partners with the security of being able to buy the deceased partner’s share of the company from the estate.
With guidance of our Corporate Sales professionals, we will assist you in identifying who is critical to your business and quantify how much money
would be required to replace them. Should an unforeseen event occur, the benefit would be paid directly to your company. The money could be used to :
