Key person insurance

• Insurance in the event of death
  The insurance is paid out as a lump sum to the company if the key person dies in the insurance period.

• Insurance in the event of incapacity for work
  Time-limited disability annuity (two years) is agreed at an annual amount which is paid out monthly in arrears to the company if the insured party becomes at least 50 per cent incapacitated for work. The disability annuity is disbursed after a three-month waiting period for as long as the insured party is at least 50 per cent incapacitated for work up until two years before the age of 67 is reached. The disability annuity is paid according to the degree of degree of disability, 50 per cent - 100 per cent.

Key employees can be:

• managing director
• product developer
• marketing directors, sales manager
• people with authorisations
• other key people depending on the industry