Hi everyone, I am back with Season 9 of the Practical Protection Podcast and we are taking a look at keyperson cover. 

Hopefully one of the simpler business protection policies that we can arrange, but I have certainly had some interesting conversations with people that don’t understand what this kind of insurance does. I remember quite a specific debate with a tax adviser who was saying their client needed keyperson cover because they wanted the tax advantages of the premiums, but what they needed the insurance to do was shareholder protection. I stood my ground!

The key takeaways:

• Keyperson cover can be life insurance, critical illness or income protection.
• It is designed to protect the Company, not the individual or their loved ones.
• An explanation of the Anderson principles.

Next time we will have Matt Rann back with us talking about hypertrophic cardiomyopathy and the options you might see for life insurance, critical illness and income protection options. 

Remember, if you are listening to this as part of your work, you can claim a CPD certificate on our website, thanks to our sponsors Octo Members.

If you want to know more about how to arrange protection insurance, take a look at my 13 hour CPD Protection Insurance in Practice course here and 1 hour CPD Protection Competency Exam here.