Key Person Insurance

Key Person Insurance

Key person insurance is essential because running a business always involves an element of uncertainty. Premises can be rebuilt, products replaced, but the recovery of a key person is not nearly as easy or certain. This all makes it especially important that you have the relevant protection policies in place to help ensure that your business can survive the loss of an individual.

Key person insurance safeguards your business against these financial effects of the death, critical illness or terminal illness of a key person. It can cover costs from loss of profit to increased work loads.

At First Financial Solutions in Neath we have a group of experienced advisers who will make sure we completely understand your business and the key person you are insuring; we will use this to find you the perfect cover for your needs at the best price.

Once the policy is selected we’ll help you to fill out the paperwork and ensure no mistakes are made in the protection of your business.

For further details, speak to a member of the First Financial Solutions Team on 01639 262222 or contact us directly via email.

*Tax treatment varies according to individual circumstances and is subject to change. 

These types of plan will have no cash in value at any time, and will cease at the end of the term. If premiums are not maintained, then cover will lapse. 

 

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