Finance OS: The Foundation of Insurance
The Meaningful Money Personal Finance Podcast
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The Importance of Key Person Income Protection
The company will ensure a person who is key to the business in this instance, you and begs the question whether there might be others as well. The skills of whom would severely impact the company's turnover profits or loan repayments should that person be unable to work due to six or accident. This is probably what's called key person income protection. But the policy can actually only pay benefits for either 12 or 24 months.
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