Key person insurance tax treatment and policy ownership in Australia
Key person insurance can be structured for different business purposes, and that purpose may affect who owns the policy, who receives any proceeds and how premiums and claim payments are treated for tax. This article explains the main Australian considerations at a general level and why professional tax advice is important before setting up cover. - read more
How to estimate key person insurance cover for an Australian business
Key person insurance cover should reflect the financial impact a business may face if a critical person can no longer contribute. This guide explains practical factors Australian businesses can consider when estimating an appropriate cover amount. - read more
Key person insurance and buy-sell insurance: how they differ
Key person insurance and buy-sell insurance can both form part of business protection planning, but they solve different problems. One helps the business absorb the financial impact of losing a critical person; the other helps fund ownership transfer under a succession agreement. - read more
Key person insurance cover options: life, TPD and trauma explained
Key person insurance can help a business manage the financial impact of losing a critical person through death, total and permanent disablement or a serious illness, depending on the policy. This guide explains how key person life insurance, TPD insurance and trauma insurance differ, and what Australian businesses should consider when comparing cover options. - read more