What Is Key Man insurance ?
Benefits of a Key Man Insurance
Key Man insurance provides financial protection for the business in the event of the key employee's death or permanent disability. The payout from the policy can be used to cover lost profits, recruit and train a replacement, or pay off outstanding debts, allowing the business to continue operations with minimal disruption.
In the case of family-owned or closely-held businesses, Key Man insurance can play an essential role in estate planning. The proceeds from the policy can be used to buy out the key employee's shares, ensuring a smooth transition of ownership and preventing potential conflicts among remaining shareholders or family members.
Income Protection is a way of securing your financial security in the wake of not being able to earn due to accident, unemployment or illness.
Our medical aid plans cover all your approved chronic medication, certain health checks, and emergency visits.