Key-Person Insurance
From identifying who needs cover to setting up the policy, we’ll guide you through every step. Our job is to make the process clear and straightforward, so you can safeguard your business against the unexpected.
What Would Happen To Your Business If A Key Employee Or Director Became Critically Ill Or Passed Away?
Key Person Insurance (also known as Key Man Insurance) provides a financial safety net to help your business recover & continue trading if a key individual is no longer able to work due to serious illness or death.
These key individuals might be founders, directors, sales leaders, or anyone whose skills, knowledge, or connections are vital to the success of your business.
Why is Key Person Insurance important?
The sudden loss of a key person can lead to:
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Disruption to daily operations
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Loss of income or clients
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Recruitment and training costs
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Strain on cash flow and profits
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Difficulty securing loans or investment
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A well-structured Key Person policy pays out a lump sum to the business,
helping to:
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✅ Cover lost profits
✅ Hire and train a replacement
✅ Maintain stability and confidence among staff, clients, and investors
✅ Repay business loans or debts linked to the key individual
Who Can Apply?
Most UK residents (excluding Channel Islands and Isle of Man) aged between 18 and 79 can apply for Key-Man Insurance.
Why Us?
✔ Affordable premiums to fit different budgets
✔ Flexible policy terms to match your financial goals
✔ Comprehensive protection with added benefits at no extra cost
Who Can Be Covered?
You can take out Key Person Insurance on anyone whose role is crucial to your business’s success.
This could include:
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Business owners or directors
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Top-performing salespeople
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Specialists or technical experts
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Anyone whose absence would seriously impact the business
Tailored Advice For Your Business
We’ll work with you to understand your business structure, identify key individuals, and recommend cover that suits your needs and budget.
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Whether you’re a limited company, partnership or sole trader, we’re here to help you protect the business you’ve worked so hard to build.
Why Should I Choose LifeAdvice UK?
At LifeAdvice UK, our advisors are both personable and professional.
As a client, you won’t be passed between multiple advisors. Instead, you will be paired with a dedicated broker who will work closely with you, providing ongoing support and reviewing your policies for as long as you need.
