Keyman Cover

Keyman cover is normally taken out by the directors or partners of a company to cover key persons who work for them. If a key person falls ill or dies it may leave the company with a dilemma in trying to replace that person with someone of the same quality. The company normally takes out the policy on the life of the member of staff, and benefits can be made payable to the company or possible dependant. Quotation

Shareholder Protection

This is similar to keyman cover but can protect the company's shares from falling into the wrong hands on the death of a shareholder. Benefits are payable to the company and can then be used to repurchase the shares, if required. Quotation