Just imagine: all is going well in your business and then something awful happens; one of your key staff is diagnosed with a terminal illness or dies. Not only is there the distress of dealing with the news and the effect it has on you and your staff personally, but there is also the impact it has on your business.
This is where Key Person Insurance comes in. It is not going to change the awful reality of someone’s illness or death, but it may help your business cope with the loss of a vital member of staff.
Key Person Insurance will pay out a lump sum which might just help your business cope with the loss of income caused by the death of that person or help pay for recruitment of a replacement.
Having the insurance will give you some sort of peace of mind should the worst happen. It won’t change reality, but it might just soften the blow.
To make sure we get the right insurance for your business, our financial advisers will need to consider several factors including the level of cover you require and whether this might change in the future, and how you might invest the lump sum pay-out.
It might also be worth you considering Shareholder Protection to protect the company against the death of a shareholder.
To discuss your Key Person Insurance requirements with our financial planners, please contact us.
Future Life Wealth
Management Limited,
Future House,
54 Ravenshorn Way,
Renishaw, Sheffield S21 3WY
+44 (0) 1246 435 996
info@wealthmanagement.uk.com
Opening Hours
Monday - Friday 8.30am - 5.00pm
Future Life Wealth Management Ltd is authorised and regulated by the Financial Conduct Authority
The Financial Conduct Authority does not regulate taxation & trust advice
We are entered on the The Financial Conduct Register No 509960 at www.fca.org.uk/register
The Financial Ombudsman service can be found at www.financial-ombudsman.org.uk
Registered in England No. 07036892 Reg. Address: Leodis House, 11 Pavilion Business Park, Rodys Hall Road, Leeds, LS12 6AJ
The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
The value of your investment can go down as well as up and you may not get back the full amount invested.
Your home is at risk if you do not keep up with your mortgage repayments.
Equity release is a lifetime mortgage or home reversion plan. To understand the features and risks please ask for a personalised illustration.
We do not offer advice in relation to home reversion plans.
The tax observations contained in this website are made in good faith and are based on our understanding of current Revenue and Customs regulations. We cannot accept any responsibility for any future regulation that may retrospectively happen.