KEYMAN Insurance
Protection your business and your most valuable Employee
Some businesses are successful because of one or two “key people” in the business, and the loss of such persons can be financially devastating to the business.
There is nothing wrong with a company owning a life policy with all the trimmings, TPD and Trauma on a Key Person, with the Company being the “owner” of the policy.
However, there may be different taxation consequences regarding premiums and the taxation of policy proceeds, which we need to discuss.
Michael Lobodarz, Authorised Representative (no. 256607), Director of BDM Financial Services Pty Ltd ABN 53 115 925 141, Corporate Authorised
Representative (no. 319619) of, The FinancialLink Group Pty Ltd., ABN 12 055 622 967 Australian Financial Services Licensee (no. 240938)