If your Business depends on one or more key individuals to sustain, grow and excel then you must consider having a Keyman Insurance in place to mitigate business continuity risks
Keyman Insurance is very affordable, typically the annual premium is much less than 1.00% of the cover amount. Depending on the age, lifestyle and health condition of the insured, it can be higher or lower as well.
The term of the policy depends on various factors like the age of the key person/Partners and the personal choice of the stakeholders of the company.
It can be availed for a term between 5 years and the whole life of the insured.
The Insurance proceeds are typically used for the following;
It usually takes 1 - 6 weeks working weeks after submission of the claims form and the relevant documents to process and payout a claim.
Whether it is Holistic Financial Planning, Life Insurance, or Investing to grow your wealth and create passive income, whatever your needs are, I am here to help. Arrange a Free Online Meeting to discuss your objectives and explore potential solutions.