Keyperson Insurance

  • As a business owner or director your staff are your lifeline and without them most business owners would agree that they would struggle.

  •  No self respecting business organisation should leave their key employee(s) uninsured. Their death or incapacity could leave your business in deep financial trouble.

    Most businesses which rely on key individuals have this form of insurance. Key Person Insurance provides either a lump sum death benefit or regular payments to your business when that key individual is unable to work for reasons of illness, accident or injury.

    Keyperson Cover is a Life assurance or Serious Illness policy effected by an employer on the life of a key employee, who may also be a shareholder or director, to protect the company against the financial consequences they would suffer as a result of that individual's sudden death or serious illness.

    A keyperson is any 'key' or important employee or director on whom the business depends for its continued success, or existence, and on whose death or serious illness the business could suffer a financial loss. The cover is designed to protect the value of the company's human assets in much the same way as fire insurance protects a company's physical assets.

    It can provide an immediate lump sum payment to the company for them to use these funds in any way it chooses:


    • repayment of bank loans, particularly any to which the key individual has given a personal guarantee.

    • repayment of any loans the key person may have made to the company.

    • recruitment of a successor.

    • investment in the business.

    The most important point to consider in relation to the taxation of key person contracts is whether the proceeds payable on death or serious illness will be liable to tax. For that reason it is vital to get advice.

    Is this something that you should be thinking about ?

    How we can help you:


    • By calculating the right level of cover

    • Identifying the key individual(s) and areas of risk to your business

    • Arranging the cover in the most tax efficient way for your business

    If you require any advice or assistance in this area, please call us on091 539105 or email This email address is being protected from spambots. You need JavaScript enabled to view it..




  • When you're just starting out, you've got a lot on your plate, and it seems like you spend all your time working on the urgent stuff--trying to get your product or service ready, hiring people, figuring out how to increase sales, paying the bills and so on. It's hard to find the time to consider something that isn't really urgent but that can be incredibly important, such as insurance--specifically, "key man" insurance.

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What Our Clients Say About Us

testimonial"We approached Terry at Atlantic Financial Services about our company pension scheme a number of years ago and he provided a much improved offer for our employees. The complex area of pensions was and continues to be clearly explained to all involved. We would highly recommend the service and attention to detail we received."

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We are a vibrant and innovative financial services company providing independent financial planning in respect of pensions, investments, mortgages, life assurance and group schemes.

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