Key Person Income Protection
About Key Person Income Protection
Your business owes its dynamism and success to many factors.
For success in business, overhead costs need to remain manageable while profits need to be consistently high.
What is Key Person Income Protection?
Key Man Insurance is a policy taken out by a business to insure their most valuable employee’s (key people).
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Why do I need Key Person Income Protection?
How does Key Person Income Protection work?
The cost of Key Man Insurance is based on each individual life assured. It is calculated much like normal.
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Everything was made very easy to understand. The quotes were the cheapest we found too. Very happy!
Everything was made very easy. It was great Jody.
Great prices and good advice, what more could you want.
A very good service thanks...
Jody Pearmain of Keyman was very helpful in explaining options and I thoroughly recommend his company
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Over and above what we expected. Thanks!
Did everything we wanted very well. Decent price and made easy..
We received a wonderful service from mykeyman and will be using them again. The service and product knowledge from team is excellent. Everything was made easy to understand. The price was the best we found too.
The services received was great. Many thanks to these professionals at mymainsurance. I will definitely use them again.
The standard of service from MyKeyMan was first class. They kept me up to date with progress on my Relevant Life Policy, followed up promptly following delays caused by my medical practice being slow in compiling reports, and responded instantly and clearly to any questions I had.
Meet Our Team
Our dedicated team are here to offer you expert FCA qualified advice along with 1st class support to make sure the process is fast and simple.
Key Person Income Protection FAQ
Still have questions about Key Person income Protection? Hopefully you’ll find our FAQ useful…
There’s usually great flexibility in terms of how long a Key Person Income Protection policy can cover. Terms typically range between 5 and 20 years.
Cover can start within a range that covers the majority of working ages. Minimum age for cover is 18 while most policies will have a maximum starting age of 59. This will usually cover most key personnel throughout their working lives.
Most cover periods end when the person covered reaches the age of 70.
While all policies vary, typically a provider will refuse to pay out a claim under the following circumstances.
Always read your prospective providers terms and conditions before committing to a policy.
It’s always essential to make an informed decision when choosing any form of protection for your business. If you need further advice we’d be delighted to discuss how our Key Person Income Protection can aid your operation and advise on the right cover for you. Call us today on 020 7112 8844.
UK’s Number One Business Protection Specialist.