About the Key Persons Insurance Kit

Does your business rely on the profitability of a key person?

Taken out Key Person insurance? Thinking of doing so? Need to protect the business if someone gets sick or dies? Has the Key Person guaranteed the business debts? Is that debt secured against his family home?

You need to understand the tax implications of paying the premiums and receiving insurance proceeds under that policy. This is the case whether you hold the insurance in a company or in a partnership (or through an insurance trust).

Each company needs their own PERSONALISED Key Person Insurance kit. One Kit may be used for many Key Persons provided they are from the same company.

This PERSONALISED Key Persons Insurance Kit contains a Manual on how to complete the Minutes each year. The Manual answers questions such as "what is Key Persons insurance?", "can I claim insurance premiums as a tax deduction? and if so, how do I document my intention so that my purpose for taking out the insurance policy is really clear?", and "what tax issues arise when I receive life insurance proceeds or trauma/TPD insurance proceeds?"

The Kit also includes PERSONALISED Minutes for you to prepare each year. These Minutes give you supporting evidence of your purpose in acquiring your insurance policy.

Written for the businessman, this PERSONALISED Kit helps a business to make informed decisions on how best to hold their Key Person insurance policies, the tax implications of so doing, and how to properly document their purpose.

All pages are practical, hands on and easy to read. For a snap shot of what this Kit includes, check out the table of contents on the hints in the next page.

Will this document fulfil your needs?

Would you like to know in advance whether this document contains all of the clauses and provisions you need?

Depending on how you answer the questions, there are many possible ways your final document will look. However, we have produced an example based on the most common answers.

To see a sample of what your ‘Key Persons Insurance Kit’ will look like, click here.

Note: The sample of your ‘Key Persons Insurance Kit’ may not be the complete document. Most of our samples only provide you with the first few pages of the document. If you wish to see the entire document, just purchase the document. If you are not happy with the document for any reason let us know and we will happily refund your money.

To view the sample of ‘Key Persons Insurance Kit’ you will need Adobe Acrobat.