Keyman Insurance

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KeyMan Insurance is used when Company's need to ensure that they are protected from the risk of financial loss due to a reduction in their sales, distribution and operational capability or the consequences of an early unscheduled repayment of a loan

This risk of losing out financially or through reduced operational capability can be caused by losing their best, most important influential person key person due to death or serious illness

This key person can some times be at the heart of everything going on in the business, covering all departments with in depth expertise, driving sales through a network of contacts and could also be the guarantor on a loan that has been borrowed based on confidence in his/her competencies and capabilities

Unfortunately, when a company loses a person like this, its ability to survive and grow can be badly impacted.  To remove this risk, it is possible to insure the key person and their key roles and responsibilities using what is called KeyMan Insurance

Following an assessment of the financial risk that the loss would entail, a policy can be issued to the company covering the potential loss of the KeyMan and all of the added value that s/he brings to business

Please see below a summary of how KeyMan Insurance can be set up and used

KeyMan Insurance

Designed to provide cover for employee/s who are considered  key to the ongoing financial success of the company

The Cover

• Life Cover including serious Illness Cover  is set up for the Keyperson
   
• The KeyPerson dies or has a serious illness
   
• The insurance cover releases funds for the Company Directors to compensate for any financial loss that may be incurred
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• This helps to ensure that the Company will remain financially stable.
   

The Benefits

• A Keyperson can be the primary point of contact for major customers

  Before you make up your Mind     We can help you make it Right

  
   
• A guarantor for a loan
   
• Know more about the operational structure than anybody
   

Quotes for KeyMan

• Normal life insurance and serious illness protection plans can be used
   
• Quantifying the amount of cover will need a meeting and needs analysis
   
• To Get a Quote, follow this link for an immediate response

Revenue rules and the Legal requirements

• Life Goals Financial Services are qualified to advise on all aspects of KeyMan Insurance
   
• We work with legal and tax advisers to put the correct business cover is in place
   
• Ensure that it aligned with all Revenue Commissioner rules and Legal requirements 

  We would be delighted to offer you our friendly advice and expertise

To take us up on this offer at anytime; please Contact Us