Our Key Person Income Protection, through our Business Menu Plan, pays out a monthly income at the end of the chosen deferred period if a key person is unable to work because of an illness or injury and meets our definition of incapacitated.
The monthly income could cover the amount of profit that this key person would have been bringing into the company, and therefore help your clients continue to pay any bills or ongoing business expenses.
Benefits of our Key Person Income Protection
Choice of payment periods
Your clients can choose from one or two years, allowing them to tailor the cost to their business needs.
Cover increase options
Your clients can increase their cover in certain circumstances, without giving us any medical information.
Choice of deferred periods
Your clients can choose a deferred period of 4, 8, 13, 26 or 52 weeks, after which we'll start paying the monthly premiums.
We'll cover up to 75% of the gross profit attributable to the key person, up to a maximum of £250,000 a year.
All our Business Menu Plans come with our Helping Hand support service.
Waiver of Premium (Sickness)
Waiver of Premium (Sickness) is included automatically.
Find out more information about the options and features of our Key Person Income Protection, plan details and terms and conditions.
More information and resources
Fair Value Assessments
Understand how our protection products meet the needs of their target markets and help to deliver good customer outcomes.
Fact find template
Use our form to find out more about your clients' businesses to help identify the areas that need most protection.