Review your life insurance today

No matter what stage your business is at, it is most important to review your life insurance policies to make certain you have sufficient coverage for your business needs.  Just as you would increase the insurance on your home if you were to make improvements to it, so too should you amend the insurance on your business if it has changed.

Life insurance is intended to preserve and protect your intentions for your business and for your survivors. It’s critical that it reflects where your business is currently at!

Please contact our office on 1300 78 55 77, or email your details to admin@keyperson.com.au for a no obligation assessment.

Who inherits your business debt?

Your business is everything to you. It’s your passion, and your livelihood. It helps provide the lifestyle you want for you and your family.

If you are like many business owners you may have taken on business debts, either to start your business or to help it grow. It’s a normal part of being in business. But have you stopped to consider who would inherit those debts in the event of your unexpected death?

Contrary to the belief of many business owners, your business debts do not automatically get extinguished on your death. Instead it falls to your guarantor(s) to meet that obligation. That could mean your loved ones find themselves dealing with the burden of debt as well as the enormous emotional strain your death would cause.

How would your family cope if they were saddled with your business debt and the main asset of the business – you – were no longer around? Would they need to sell the family home? Move schools? Change their lifestyle?

As a financial adviser specialising in life insurance for business owners, I have helped many business owners put in place protection plans which help protect their loved ones, business partners and staff.

This type of protection can be easy to obtain, affordable, and in many cases tax deductible.

To arrange an obligation free appointment (at a time convenient to you) call Veronia on 1300 785577 or email on admin@keyperson.com.au.