The Peace of Mind Policy
Many people have a personal life insurance policy, but many directors or partners often don’t realise the value of business protection until it’s too late.
When giving advice, it is important to remind clients that individuals other than owners, partners and directors can be key people. Technicians, research personnel and sales people are often essential to the success of a business.
We can provide three types of policies:
- Term assurance
- Term assurance plus critical illness cover
- Whole of life
There are many compelling reasons for a business to take out a protection policy. By acting now your clients could benefit both today and in the future:
- Added peace of mind that if the worst should happen, the business could be financially secure.
- Protects a partner or director’s financial share in the business in the event that they fall terminally or critically* ill or die.
- Eases the pressure on business owners to return to work quickly should they fall critically* ill.
- Reduces the likelihood of forced employee redundancies.
- Provides evidence of good practice.
- Demonstrates proof of an effective disaster recovery strategy, which helps reassure customers that the business is stable.
* If critical illness cover is chosen as an additional option.