Key person insurance is designed to cover the impact of losing a key person from a business.
It is taken out by a business on behalf of a key person, so the business is the policy holder and pays the premium, and the key person is the life assured.
117 views 25/06/2021 1
Key person insurance is designed to cover the impact of losing a key person from a business.
It is taken out by a business on behalf of a key person, so the business is the policy holder and pays the premium, and the key person is the life assured.