Wright Mortgage Company Ltd
Registered Address

The Wright Mortgage Company Limited
Newlands House
Station Street
Bingham
Nottingham
NG13 8AQ
Phone Numbers
Telephone: 01949 877676 (9.00 - 5.30 Monday-Friday)  
Fax: 01949 878692
Email Us
Wright Mortgage .co.uk
Home Profile Treating Customers Fairly Contact Details
Mortgages
Protection
General Insurance
Full Financial Planning
Business Protection
Commercial Borrowing
Recruitment
Our Introducers
Sponsorship
Glossary
 

Key Person Insurance

Request Call Back Call back request
Contact Name:
Business Name:
Contact Number:
Best time to call:
  Write this code below >
Code:

 

When a key person in a business dies it can have a devastating financial effect. You can help protect your business against the death or critical illness of a key person with key person protection.

  • What is Key Person Protection?
    Key Person Protection (also known as key man insurance or key person insurance) is a business insuring itself against the financial loss it would suffer if a key person in their business died (or suffered a critical illness if this option is also chosen).
  • How does it Work?
    Key Person Protection is a life assurance or life and critical illness cover policy taken out to cover the life of a key person in your business. The policy is owned and paid for by the employer, so any pay out is paid to the employer. 

Why do I need Key Person Protection?

The loss of a key person in your business could have a severe impact. The business could suffer for example with sales and profits decreasing and increased workloads for the remaining staff.
Key Person Protection pays out a lump sum on the death of the insured key person. It is paid as a lump sum and could significantly help the business to recover during a difficult time. The proceeds could be used to replace lost profit or finding a replacement. 


Business Loan Protection

Relevant Life Plan

Key Person Protection

Share Protection
 
The information contained within this website is subject to the UK regulatory
regime and is therefore primarily targeted at consumers based in the UK.
A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it..
 

© Wright Mortgage is a trading name of The Wright Mortgage Company Limited, which is an appointed representative of TenetLime Limited, which is authorised and regulated by the Financial Conduct Authority. TenetLime Limited is entered on the Financial Services Register (www.fca.org.uk/register) under reference 311266.

The Wright Mortgage Company Limited is registered in England and Wales under reference 3914979. Registered address: Newlands House, Station Street, Bingham, Nottingham, NG13 8RQ