What's covered
- A lump sum paid to the company on the death of a named person
- Permanent total disability, depending on the plan
- Covers lost profits and the cost of recruiting a replacement
- Can be assigned to a bank as security on a loan
The sum insured is set against what that person is worth to the business. Your advisor works it out with you.
Questions about this cover?
Ask an advisor directly. Answers are free.
