Key person insurance
Key person insurance protects your practice against the financial impact of the critical illness or death of a key individual – making a difficult time that little bit easier.
Protect the financial future of your partnership
Have you ever thought about what would happen if a partner of your practice became critically ill or passed away? What would happen to their share of the business?
With partnership protection insurance, you could receive a lump-sum payout if one of your partners is diagnosed with a serious health condition or dies.
- Receive a tax-free lump sum if your practice partner becomes ill or passes away
- Protect the financial future of your practice with specialist cover from leading providers
- Secure the funds needed to buy out the deceased partner’s share of the business and compensate their family
- Get expert advice on the right cover for you
About partnership protection insurance
Certainty and stability are central to any successful business – but no one can predict the future. While none of us like to think the worst will happen, the critical illness or death of a partner can cause significant disruption to the running of your practice.
Partnership protection insurance pays out a lump-sum benefit that will allow you to buy your partner’s share of the business if they’re no longer around. At Wesleyan Financial Services, we can find specialist cover to protect you and your remaining partners.
How we can help
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Important information
Wesleyan Financial Services is a broker and insurance products are provided by a number of selected insurers.
Limits, exclusions and charges do apply. Full terms and conditions of the policy and cover, including the policy benefits and exclusions, will be contained in the Policy Wording and Policy Summary.
Risk must be acceptable to underwriters at normal term.