Key Person Protection

Quite often you hear ‘it could never happen to me’ or ‘I’ll sort it out later’. Well the old maxim of “failing to plan is planning to fail” is no better suited than to ignoring crucial decisions on protection.


Protecting your family and business is important and finding the right policy can be confusing. That’s why we have teamed up with LifeSearch, who provide honest, industry award winning advice, and have protected nearly half a million families since they were established in 1998.

Whether you are a one man band or limited company, protecting your business and your employees should the worse happen is just as important as protecting your family. There are variety of options available dependant on your business’ exact needs.

Relevant Life – Provides a tax efficient way to provide death in service for yourself as well as your employees. LifeSearch is also able to help arrange this policy into trust which is crucial to retain the tax benefit.

Key Person – If your business relies on a key individual to continue to operate then key person cover is crucial. This policy is designed to pay a lump sum to the business in the event of the death or serious illness of the key individual, ensuring the business is still able to operate.

Business Loan Protection – This policy is designed to pay a lump sum if a key individual were to pass away or diagnosed with a critical Illness, ensuring any outstanding loans are cleared.

Shareholder Protection – This policy is designed to pay a lump sum to the remaining shareholders if a shareholder to a business were to pass away, providing protection to the business.

Each of these options requires advice to ensure you choose the correct policy as well as arranging the necessary trust forms. To discuss your individual businesses needs, call LifeSearch on 020 3764 0186 or click here for more information.

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