Should one of the most difficult situations arise, Key person insurance – term life, is life insurance on the key person within a business.
Key people within a business are crucial to the running of a business as their skills, experience and leadership contribute to the success of the business.
In small businesses this is usually the owner, the founders or key employees and the absence of these people would be significant.
This cover is ideal for businesses that either employ staff or for individuals that are self-employed.
This insurance provides a lump sum benefit of £250,000 in the event that a key person dies during the period of insurance. The period covered by this insurance can either be for 1 or 3 years.
To get immediate cover simply click on the “Get Quote” button Subject to you being able to answer a few short questions and meeting the underwriting criteria you will obtain a quote and be able to purchase cover online in minutes. It’s as quick and simple as that!