Life Insurance for Business Owners
The early death of a business owner or key person in a business can be devastating for any business.
Statistics tell us that in a business with two partners around 35 years of age, there’s a 30% chance that at least one business partner will die before the age of 65¹. So how would the business continue to operate and grow without the key skills and knowledge of the owner or key person?
If you’re in a business partnership how can you ensure your business’ and your family’s best interests are looked after even when you’re not around?
The solution is Life Cover.
1Mortality: NZ Life Tables, Disability: Davies Financial and Actuarial (2004)
Contact us for great advice.
Life Cover
Ensuring your business and your loved ones are taken care of if you die.
Life Cover provides a lump sum payment if you or a key person in your business dies or is diagnosed with a terminal illness. It is paid to help protect your interests in the business, for instance to reduce debt, hire a replacement person or to prepare your business for sale.
We have two types of Life Cover:
• Life Cover
• Level Life Cover that keeps your premiums at the same rate for 15 years at a time, to age 65, to age 70, or to age 80, making it easier to budget
Life Cover has the flexibility to adapt as your business changes, with the ability to increase your level of cover without any medical underwriting. Plus, it has a funeral benefit to help with funeral costs should the worst happen.
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