Key Person Insurance
Key person insurance typically pays a lump sum (one payment) on the death or total and permanent disability of a key employee covered by the policy. This money can be used to help cover:
- Financial losses including any resulting increase in expenses or reduction in revenues or profits;
- Liquidity to replace the income contribution of an individual the business relies on for cash flow;
- Debts such as business debts to third parties or shareholders, where the ability to repay the debts may be made more difficult by the departure of the key person.
Get in touch
Phone: 07 4632 1174
Address: 6/138 Margaret Street
Toowoomba City QLD 4350, Australia
PO Box 812, Toowoomba, 4350
Email: [email protected]
Web: revolutionfa.com.au