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The Ultimate Guide to Key Man Insurance

Key Man Insurance is a life insurance policy suitable for all sizes of business including sole traders. It ensures that any key members of the team that are crucial to the success of the business have life insurance. Unlike a personal life insurance policy, key man insurance pays the money back into the business to […]

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What happens when a business owner dies?

When you start up a business, it’s important to have a succession plan in place. This is because if the business owner dies, it can cause a big financial impact, whatever size of business. Debts, sales, commercial mortgages, employees and customers all still carry on. Without the business owner, this may not always be possible. […]

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Updated March 2018 – Aviva Relevant Life and Critical Illness Policy

In the past, relevant life policies only included a death benefit and terminal illness. Aviva brought about a considerable market change with the launch of a relevant life and critical illness policy. This caused disruption amongst insurance providers and many discussions regarding its legitimacy. Regardless, Aviva’s relevant life and critical illness policy has been launched […]

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Life Insurance for a Commercial Mortgage

If you’ve been looking for a new business property, then you might want to look into getting life insurance to protect your commercial mortgage. If a commercial mortgage is placed in your name for the business, whose responsibility is it to pay off if you were to pass away? Chances are, you’ve already explored your […]

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Can you claim life insurance as a business expense?

If you’re a director of a business, it’s likely that you’ll want to invest in life insurance. Whether it’s to protect your business or your family, you can get life insurance through the business. Some options are not tax-efficient, however, there are some life insurance policies that can be claimed as a business expense. How […]

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Business Critical Illness Cover or Key Man Income Protection

How to protect your business against the cost of employee sickness Any business owner looks to keep costs low without compromising the quality of the service or product that they provide to keep a profitable business.  With employee salaries being one of the biggest overheads, what happens when a key member of staff becomes seriously […]

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What happens when your term life insurance expires?

What to do when your life insurance policy is about to expire If you own a term life insurance policy, you’re only covered for that period of time. Whether you set the term for, 5, 10, 20, 30 years, there may be a time that you outlive your policy. So, what happens when your term […]

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Whole Life Insurance – Everything you need to know

Whole life insurance is generally more expensive than term life but there’s a lot more to it than expensive premiums. Unlike term life insurance, whole life insurance is not just a benefit paid out upon death. It works as a sort of investment fund to help ensure you get the most out of your money. When […]

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Sole Trader Life Insurance – Key Man Cover

There are 3.3 million sole traders operating in the UK with around 1 in 7 of the workforce is self-employed. Unfortunately, it’s still the case that too few businesses cover the life of the owner. Sole trader life insurance is extremely valuable and can protect the business, the owner’s family and potentially any employees that […]

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Key Man Insurance Tax – How it works

Key Man Insurance Policies and Taxation Key man insurance tax and how it works is something our customers regularly ask about. The main questions we get asked is, is key man insurance tax efficient? Well, it can be. To put a long story short. However, if you’re not taking out key man insurance solely for […]

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