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To maintain its success, your business relies on the leadership, experience or skills of one or more individuals. That person could be you, your business partners or a few key employees whose absence from your company could lead to its demise.
You can protect your business against the risk of these employees suffering from a premature death, by insuring them with key person coverage. Your business would purchase life insurance on the employee, pay the premiums and become the beneficiary of the policy. In the event of that key person's death, the business would receive the insurance proceeds, which can provide the funds necessary to help survive the tragic occurrence.
All insurance products are sold through ScotiaMcLeod Financial Services Inc., the insurance subsidiary of Scotia Capital Inc., a member of the Scotiabank Group. When discussing life insurance products, ScotiaMcLeod advisors are acting as Life Underwriters (Financial Security Advisors in Quebec) representing ScotiaMcLeod Financial Services Inc.
The information contained on this website is for use by persons resident in Canada only.
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