What this service is about
Most of the businesses have a key person (CEO, founder, business owner) who is key to the success of the business and whose demise can severely impact the business. Businesses can take a Keyman policy to cover the life of this key person to provide financial security in case of demise of key person. This premium is deductible as expense and provides tax benefit to the business.
Who this may be relevant for
Individuals, families and businesses seeking to reduce the financial impact of specified life, health, asset, liability or operational risks.
What the conversation can help clarify
- Identify the risk being transferred
- Compare coverage scope, limits, exclusions and deductibles
- Coordinate quotation and documentation
- Review protection as needs change
Typical next-step structure
Questions about Keyman Policy
Most of the businesses have a key person (CEO, founder, business owner) who is key to the success of the business and whose demise can severely impact the business. Businesses can take a Keyman policy to cover the life of this key person to provide financial security in case of demise of key person. This premium is deductible as expense and provides tax benefit to the business.
Individuals, families and businesses seeking to reduce the financial impact of specified life, health, asset, liability or operational risks.
Review coverage, sum insured, waiting periods, exclusions, deductibles, underwriting requirements, premium and claim conditions in the insurer's policy wording.