Key Man insurance is about protecting your company from the financial problems incurred from losing an important employee or direct through death or critical illness. The insurance is taken out on a key person within the company, the company owns and is protected by the policy.
Whatever You Need
In the interests of financial security, business stability and continuity, it is essential for private limited companies to provide a safety net following the death of a shareholder. Shareholder Protection is usually put in place to ensure that, on the death of a shareholder, their shares are available for the other directors to buy and there is sufficient cash available to buy the shares.
RELEVANT LIFE INSURANCE
Committed to Your Business
A Relevant Life Plan is a term assurance plan available to employers to provide an individual death in service benefit for an employee. It is designed to pay a lump sum if the employee dies whilst employed during the length of the policy.