Child Coverage

With many small- to medium- sized businesses, regardless of what form the business takes (limited company, partnership, or sole proprietorship), the financial health of the business is closely tied to the physical well-being of a few key people.

If you or another key person had a heart attack or cancer, what would happen to your business? Could it continue to thrive? Or would health problems jeopardize the business, and possibly your income?
How can we help you?Critical Illness insurance provides a lump sum benefit if the insured is diagnosed with and survives one of the covered conditions. Not only will this allow you to concentrate on your recovery, the lump sum can be used in a number of ways, which can contribute to the ongoing success of the business operations, such as:
>> Hiring and training a replacement
>> Offsetting other business expenses that arise from the illness or are related to the absent owner or key employee
>> Paying off debts of the business
Other needs related to equity position in the business can also be filled:
>> Funding a buy-sell agreement
>> Replacing additional capital withdrawn by the owner

Of course, the funds can be spent any way you see fit.

Risks that could become a reality

The probability of a small to medium-sized business owner having a critical illness is significant. Therefore, it is essential to have adequate protection for those playing a key role in a business.