RELEVANT LIFE

INSURANCE

Relevant Life Insurance is insurance your business can take out to cover an employee against the financial impact of death or terminal illness

SHAREHOLDER

PROTECTION

Designed to protect a company from the potentially damaging financial implications of one of its shareholders' or partners' death, shareholder (otherwise also known as director share or ownership) protection insurance typically consists of life insurance to which critical illness cover may be added.

KEYMAN INSURANCE

Keyman insurance is a policy taken out by a business to ensure their most valuable employees. ... A lump sum is paid-out directly to the business and this can be used to cover the cost of any profit losses, replacement staff, or loan repayments.

INCOME PROTECTION

Income Protection insurance can provide a regular replacement income if someone is unable to work because of illness or injury. And if an employee is able to return to work, but on a reduced basis which means they earn less, it may continue to pay out a reduced amount that takes the drop in salary into account.