Skip to Content

Business Protection

Key Person Cover

Good Health, Good Business

adviser hub login

There are always key individuals that make big contributions to the success of a business. Losing one of these key people can have a serious impact on the financial health of the business – this is where Key Person Cover can help.

How does Key Person Cover help?

With many small and medium sized companies dependent on a few key people, Key Person Cover is designed to help protect your clients' business in the event of death or terminal illness of one or more key employees.

If such an event happens, the plan pays out a lump sum to cover any loss in revenue or profits – helping to keep your clients' business on track.

Watch our webinars series.

Our Protection Specialists recently hosted a series of webinars created to help you design your own strategy for approaching your business owner clients.

Watch the series

Business protection options

Our business solutions can help give your client reassurance.

  • Shareholder and Partnership Cover

    Group of business people walking down stairs

    Gives your clients a lump sum so they can keep control of the business if a shareholder or a business partner dies or suffers a serious illness.

    Find out more

  •    Business Loan Protection        

    Man typing on laptop

    Gives your clients a payment to repay business loans if a shareholder or a business partner dies or suffers a serious illness.

    Find out more

  •           Relevant Life Plan                     

    Man holding bike handlebars and a coffee cup

    The cost-effective alternative to Life Cover. A tax-efficient way for your client to give their best people the best benefits.

    Find out more

Optimiser

With Optimiser, your clients will receive our best available premium - up to 30% lower than our standard premium on fixed-term cover. They can also keep their premiums low through doing healthy things and improving their Vitality status. With Platinum status, they'll see 0% annual increases in premium.

Now, Vitality Select is included on all plans for no extra cost, giving your clients access to a number of discounts and rewards.

When their monthly premium above £45 for single Life plans and above £60 for joint Life plans, they can enjoy Vitality Plus for an extra £4.75 per person per month, giving them access to our extended range of discounts and rewards!
Find out more

Where to next?

  •          Additional Options                      

    Person using laptop

    Enhance your clients' cover with a range of additional options to suit their needs and budgets.

    Find out more

  •               Trusts and tax                            

    People working in an office

    In order for the business and employees to benefit from the tax benefits associated with a Relevant Life Plan, you should put it into a Discretionary Trust.

    Find out more

  •                Online tools                  

    Devices showing Vitality tools in use

    Explore our wide range of online tools, designed to support your client conversations and help to grow your business.

    Try our tools

  • Business Protection Literature Library

    Woman using library shelf

    Find our Business Protection literature.

    Learn More
Contact your Business Consultant
or call 0345 601 00720

Lines are open:
Monday - Friday 8.30am - 6pm