Key Person Cover

Key Person Life Insurance is purchased by a business on the life of an owner or employee, whose knowledge, skill or energy converts the tangible assets of the business into income and profit.

Protecting the business should serious illness or death befall a key person is an important consideration for sound business management and a vital tool in maintaining a smooth transition through the loss of this key person.

The company is the owner of the policy, pays the premiums and therefore is the beneficiary of the policy should a claim be made.

There are many considerations to be reviewed when setting up a Key Person policy. Maximum Wealth Advisers can provide invaluable advice, not only in determining the strategy and value of cover needed in each situation, but also in setting up the most suitable and cost effective policy from application through to completion.