Key Person Insurance

Directors and employees with highly specialist skills or knowledge are key employees of the companies they work for. To lose one as a result of a critical illness or death can be damaging to the business. That is why taking out Key Person insurance to protect the company is a wise move.

Key Person insurances policies can provide several benefits, including:

  1. Paying the cost of a temporary replacement
  2. Meeting the cost of recruiting a permanent replacement
  3. Covering the cost of death or incapacity of a key member of staff.

The full scope of cover will depend on the type of policy purchased, but companies ignore the risk of losing key staff at their peril. Shareholders, bank managers, suppliers and customers may not be so laid-back.

THE PLAN WILL HAVE NO CASH-IN VALUE AT ANY TIME AND WILL CEASE AT THE END OF THE TERM. IF PREMIUMS ARE NOT MAINTAINED, THEN COVER WILL LAPSE.

THE POLICY MAY NOT COVER ALL THE DEFINITIONS OF A CRITICAL ILLNESS. FOR DEFINITIONS, PLEASE REFER TO THE KEY FEATURES AND POLICY DOCUMENT.

Dalton Edwards RCB

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01428 729 849
62 Canada Way,
Liphook GU30 7UH .

enquiries@daltonedwards.co.uk