KIC Key Person Insurance
KIC Key Person Insurance protects businesses by covering crucial employees, such as owners or executives, against death or disability. The company pays the premiums and receives the benefit, ensuring financial stability in case of unexpected loss.
Key Details:
- Eligibility: Maximum age 85, with a policy term up to 10 years.
- Annual Reviews: Coverage depends on ongoing employment and health assessments.
Coverage Highlights:
- Accidental & Illness Death: Lump-sum payout to beneficiaries.
- Permanent Disability: Support for 100% irreversible disability.
- All-Cause Death: Comprehensive protection, covering all causes of death.
Cost Factors:
Premiums vary based on the type of policy, coverage amount, key person’s profile, and business characteristics.
Secure your business’s future by protecting its most valuable assets—your key people.
