A lump-sum payout to your business if a key employee or partner dies or becomes permanently disabled, covering the cost and disruption of losing them.
Insures the founder, top salesperson, or technical expert your business depends on most.
Payout can fund recruitment, sign-on costs and training for a replacement.
Cushions the lost profit and disruption while your business adjusts.
| Cover feature | Detail |
|---|---|
| Minimum cover amount | R500,000 |
| Maximum cover amount | R20,000,000 |
| Cover basis | Multiple of salary or contribution to profit |
| Policy owner | The business, not the individual |
| Tax treatment | Premiums generally not deductible; payout generally tax-free — confirm with your accountant |
The business itself owns the policy and receives the payout, not the insured individual or their family.
Typically calculated as a multiple of the person's salary or their estimated contribution to profit — your adviser can help model this.
Yes, the insured individual must consent to being covered and complete underwriting, even though the business owns the policy.
An adviser at Mzansi Advisors can help you identify who your business depends on most — at no extra cost.
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