Corporate Co-Director Insurance is Life Cover taken out by the Company on the Life of the Directors. It provides a lump sum payment to the company and gives the company the security that there’ll be funds available to buy back shares if one of the directors passes away.
Co-Director Insurance is a Life Cover that is taken out by the Directors on the lives of the Directors, either in a Life of Another or Own Life in Trust capacity.
Partnership Insurance is a Life Cover which is established through a legally binding agreement for one or more partners. The Life Cover that is put in place provides a lump sum payment which the remaining partners can use to purchase the deceased stake from the estate.
Keyperson Insurance is a Life Cover that is arranged by the Company on the life of the key employee. A Keyperson is anyone who the company depends on for its continued success.
A Section 72 policy is a Whole of Life insurance policy that an individual or a couple can take out in order to pay out a lump cum benefit (Sum Assured) on death. These policies are most suitable for individuals aged between 50 - 70.
Income Protection is a Policy taken out to replace up to 75% of earned income (less any social welfare payment) in the event of an individual being unable to work due to illness or injury.
A Serious Illness Policy will pay out a fixed lump sum if the policyholder gets diagnosed with a specified illness that is covered in the Terms & Conditions of the policy.
It is more cost-efficient for Companies to take out ‘Group Risk’ cover than a series of individual policies. This is an important Employee Benefit that a number of big companies are taking out.
It is more cost-efficient for Companies to take out ‘Group Risk’ cover than a series of individual policies. This is an important Employee Benefit that a number of big companies are taking out.
Corporate Co-Director Insurance is Life Cover taken out by the Company on the Life of the Directors. It provides a lump sum payment to the company and gives the company the security that there’ll be funds available to buy back shares if one of the directors passes away.
Co-Director Insurance is a Life Cover that is taken out by the Directors on the lives of the Directors, either in a Life of Another or Own Life in Trust capacity.
Partnership Insurance is a Life Cover which is established through a legally binding agreement for one or more partners. The Life Cover that is put in place provides a lump sum payment which the remaining partners can use to purchase the deceased stake from the estate.
Keyperson Insurance is a Life Cover that is arranged by the Company on the life of the key employee. A Keyperson is anyone who the company depends on for its continued success.
A Section 72 policy is a Whole of Life insurance policy that an individual or a couple can take out in order to pay out a lump cum benefit (Sum Assured) on death. These policies are most suitable for individuals aged between 50 - 70.
Income Protection is a Policy taken out to replace up to 75% of earned income (less any social welfare payment) in the event of an individual being unable to work due to illness or injury.
There are some key differences between Personal Income Protection and Executive Income Protection.
When drawing down a home-loan mortgage, the lending institution will often insist on the borrower putting in place a Mortgage Protection policy.
Term Assurance policies provide for a fixed lump sum benefit on the death of the policyholder over a pre-defined period of years.
A Serious Illness Policy will pay out a fixed lump sum if the policyholder gets diagnosed with a specified illness that is covered in the Terms & Conditions of the policy.
It is more cost-efficient for Companies to take out ‘Group Risk’ cover than a series of individual policies. This is an important Employee Benefit that a number of big companies are taking out.
There are some key differences between a Serious Illness policy and an Income Protection policy.
It is more cost-efficient for Companies to take out ‘Group Risk’ cover than a series of individual policies. This is an important Employee Benefit that a number of big companies are taking out.