Key Person Protection Guide for Businesses

This guide outlines the Key Person Protection plans available for businesses, which are designed to mitigate the financial impact of losing essential employees due to critical illness, injury, terminal illness, or death. It explains the importance of protecting key personnel, as their absence can lead to significant financial consequences, including reduced profits and the costs associated with hiring replacements. The document details three types of policies tailored to meet various business needs, including features such as guaranteed insurability options and rehabilitation support services. It emphasizes the role of these plans in covering loan repayments and ensuring business continuity. The guide also highlights the necessity for businesses to recognize and address the risks associated with losing key employees, providing insights into how to effectively implement these protection strategies. Additionally, it mentions the importance of structured training and resources for advisers to better support their clients in understanding these policies.