As a business owner, do you feel like there are certain people on your team you can’t live without – people who are so important to the success of your enterprise that their absence would be felt across the company, and who would be extremely difficult to replace.
Without safeguards, the loss of these key people (including. of course, you as the owner) can be devastating to a company’s financial health and ability to stay on top – or even keep the lights on!
- The death of a key employee or team member can hurt – even potentially sink – your business.
- Key person life insurance is underused by entrepreneurs.
- Key person insurance can cover the cost of finding a replacement for the vital team member.
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Other notes and risk warnings
This article contains the opinions of the authors but not necessarily Donald Wealth Management (the Firm) and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed. It is not a promotion of Donald Wealth Management’s services. Donald Wealth Management strongly suggests that no investor should act on any of these ideas without first seeking financial advice.
Past performance is not indicative of future results and no representation is made that the stated results will be replicated. The value of an investment is not guaranteed and on encashment you may not get back the full amount invested. Errors and omissions excepted.
Donald Wealth Management is a trading style of Donald Asset Management Limited which is authorised and regulated by the Financial Conduct Authority in the United Kingdom (FRN: 223784). Donald Asset Management Limited is registered in England and Wales under Company No. 4675082. The registered office address of the Firm is: Stable End, 12 Heather Court Gardens, Four Oaks, West Midlands, B74 2ST.