What Would Happen to the Business If a Key Person Couldn't Work?
Example scenario, not a real client
The Situation
A two-director limited company had no protection in place for either director. A serious illness would have left the business unable to operate.
What We Did and the Outcome
Key person cover, owned and paid for by the business, would pay it a lump sum if either director died or was diagnosed with a covered serious illness. Separately, relevant life cover paid for by the company could protect each director's own family.
“Business protection is one of the most overlooked areas of financial planning for small company directors.”
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No Sick Pay, No Safety Net, Until Now
A sole trader with variable income assumed income protection wasn't available or affordable.
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High-Risk Job, Still Got Full Cover
A client working in a hazardous occupation had been told by a comparison site that cover wasn't available at standard rates.
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