You can choose just one cover, or a combination, to suit your own particular situation and business needs.

Ownership Buyout Cover – A lump sum payment to fund a buy-sell agreement, paid out if during the cover term, the life assured:

• Dies
• Is diagnosed with a terminal illness
• Suffers a ‘Total Long Term Disability’

The proceeds of the cover are required to satisfy the conditions of the shareholder buy-sell agreement.

Debt Protection Cover – A lump sum payment to repay business debt, paid out if during the cover term, the life assured:

• Dies
• Is diagnosed with a terminal illness
• Suffers a ‘Total Long Term Disability’

The proceeds of the cover are required solely to repay business debt.

Permanent Loss of Key Person Cover – A lump sum payment to provide the capital to successfully replace a key person, paid out if during the cover period a key person:

• Dies
• Is diagnosed with a terminal illness
• Suffers a ‘Total Long Term Disability’

The key person’s employment with the business ends as a result of the death of the life assured.

As well as the covers described above, you can also add the following traditional covers to your business insurance plan:

• Life Cover
• Total and Permanent Disability Cover
• Trauma Cover
• Severe Trauma Cover

In the event of the death, terminal illness, total and permanent disability, or trauma of a sole trader, key employee or an owner or debt guarantor (whether employed within the business or not), these standard plans can be used to:

• Fund buy-sell agreement commitments, debt repayment commitments and key person replacement costs
• Fund business debt re-payment in the event of the death of any individual
• Provide capital to the business to fund replacement costs and loss of revenue in