Get in touch with us at customerservices@lutine.com
GROUP KEY PERSON PROTECTION
Lutine’s Group Key Person Protection cover is designed to help protect businesses against the impact of the death of their most integral employees. The benefit is paid directly to the business to help them continue to trade.
We have over 30 years’ experience in providing Life Insurance protection to businesses. Our team of experts are on hand with their empathetic and professional approach to service, in your time of need.
WHO IS A KEY PERSON?
A keyperson is typically defined as someone who is crucial to the financial success of a company. Although hard to define, it can be the business owner/ founder; someone who integrates the company strategy, or even the top salesman at the company. A key person is any individual deemed to be critical a business.
The typical roles covered in Lutine’s Group Life keyperson schemes include Owners/Founders, IT Managers, Operations Managers, CEOs, the list goes on. Every business is unique, so consider what individuals are integral to your business's success.
WHY CONSIDER KEY PERSON PROTECTION?
Although something nobody wishes to contemplate for their business, Lutine’s Key Person product will help businesses following the loss of a key person.
The benefit helps to compensate for their loss of experience, skill, knowledge and/ or leadership
qualities. It can be used to assist in the following ways:
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Covering the costs to recruit a suitable replacement for the role
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Helping to ease overall loss of gross profits
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Supporting with ongoing loan repayments.
Benefits Available
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Lump sum benefit paid directly to the business, to be used as the business wishes.
Scheme size
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3 Lives Minimum, No Maximum
Policy Cease Age
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Up to a maximum of 75 years of age available
Free Cover Limit
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10 lives or less: no free cover limit – all members subject to medical underwriting for full benefit.
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More than 10 lives: free cover limit calculated based on total sum assured/scheme members - Medical Underwriting in this case will only apply above the Free Cover Limit (FCL) or for those who do not fulfil the Actively at Work (AAW) criteria.
Additional Information
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Broker Commission available: up to 30%.
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Target Market: SME’s across a range of specialist sectors including Construction, Leisure, Agriculture and Marine.
A RANGE OF GROUP LIFE PROTECTION POLICIES
Take a look at the range of products offered by our Life Insurance team.
GET IN TOUCH
Here at Lutine we endeavour to reply to all enquiries as quickly as possible; to help us to ensure that your enquiry is routed to the right place, please provide us with as much information as possible.
If you’d like to discuss Group Life Insurance, please call us on 0344 854 2074 or email GroupLifeSupport@lutine.com
Individual Life (Queries) – enquiries@lutine.com
Group Life (New business & Queries) – customerservices@lutine.com
Broker Enquiries – brokersupport@lutine.com
If you need to make a claim:
The Grantee should initially notify either the Financial Adviser through whom the contract was effected, or URIS Group Limited
by telephone on 0344 854 2074,
by email customerservices@lutine.com or
by post at the following address: URIS Group Limited, Premier House, Carolina Court, Doncaster, South Yorkshire, DN4 5RA