Keyman or Keyperson insurance is essential for anyone involved in a business with more than 1 partner (silent or otherwise), or has a ‘Key’ employee.
Keyman essentially pays a benefit if the Key Person in the business died or became disabled and left the business for a prolonged period of time.
The purpose of keyman insurance is [...]
When discussing Life Insurance or any lump sum type cover, one of the major considerations needs to be who the benefit will be paid to.
Most people simply write their partner or child along with the relevant percentage they wish to nominate. What many are unaware of, is that your beneficiary could potentially wear a large [...]
Life Insurance is a simple insurance that pays a lump sum in the event of the insured person’s death. The benefit is normally paid to the beneficiary if nominated. For more information on beneficiaries, please see HERE.
Policies vary with different insurers, but in the main, the benefits will be paid on the following events:
Death & [...]