31/07/2026
What happens to your business if the person driving most of its revenue can't work tomorrow?
Key person insurance is a policy your business owns, not a personal one. If a key person dies, becomes permanently disabled, or is diagnosed with a serious illness, the payout goes straight to the business, whether that's your top salesperson, a specialist with knowledge no one else has, or a director who's personally guaranteed a loan. It can replace lost profit while you find a replacement, cover a guaranteed debt, or fund a buyout if they're an owner.
We can help business owners protect the people their business can't afford to lose. Our team of Certified Financial Planners can help you identify your key people, work out how much cover makes sense, and structure it for the right tax outcome.
Find out more below.
https://solacefinancial.com.au/key-person-insurance-advice/