Key Person Protection

 

Your employees are one of the most important resources for the future success of your business. Have you given thought to how your company would cope if a key member of staff were to die, be diagnosed with or suffer a critical illness? 

The death or critical illness of a key person is likely to have a significant impact on your business. You could suffer a loss of profits, be unable to quickly recruit a suitable replacement and face significant disruption to your own business activities. 

However, you can help protect the future survival of your business with Key Person Protection, which can help you financially cope with the loss of a key person.


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.

IF THE POLICY HAS NO INVESTMENT ELEMENT THEN IT 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.

Copyright © 2018 The Financial Advice Bureau. All Rights Reserved

The guidance provided within this website is subject to the UK regulatory regime and is therefore primarily restricted at consumers based in the UK. 

The Financial Advice Bureau is an appointed representative of TenetConnect Limited, which is authorised and regulated by the Financial Conduct Authority. TenetConnect Limited is entered on the Financial Services Register (www.fca.org.uk/register) under reference 149826.

Registered office: Sovereign house, 12 - 14 Warwick Street, Earlsdon, Coventry, CV5 6ET. Telephone: 02476 712770.

Principal : Mark Garrood

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