Life happens! Therefore we need to make provisions for unforeseen challenges. Risk associated with life assurance is not pleasant to think about but they do play a significant roll both in your business and personal life. The results could be disastrous if they are not properly insured and managed. SATIB Life & Investments offers Buy & Sell Insurance, Key Person Cover, Personal liability Cover and Personal Life & Disability Cover.

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  • Buy & Sell Insurance

    In business insurance, Buy & Sell agreements preserve the continuity of the ownership of the business.

    Buyout insurance is designed to protect the shareholding of the partners or owners in the event of death or permanent disability, by providing the surviving shareholders with the funds needed to purchase the shares of the deceased for the disabled estate.


  • Key Person Cover

    This Key Person insurance cover insures that the continuity of the business, should the keyman / key person pass away or become permanently disabled, by providing bridging finance and precious time to replace that person without the company suffering financial losses. Key Person insurance cover absorbs business disruptions and provides the funding needed to recruit and train a suitable replacement.

    The keyman / key person is the employee that is extremely important to the business; it can be the owner, a partner, and stakeholder, basically anyone that the business would not cope without. Not only is this crucial to the business itself, but also a good thing to show investors and lenders because it means that their loans and investments are protected. The keyman / key person is informed about, and agrees to the keyman insurance on their life.

    Key Person insurance benefits can be used strategically to buy out the insured person’s shares or interest in the company. Premiums are based on many factors, age, physical condition, health history and amount of coverage of the keyman / key person.

    Business owner needs to:

    • Estimate the value of Key employees
    • Determine if separate insurance for each keyman / key person is needed
    • Create a business-continuation plan


  • Personal Liability Cover

    Personal Liability Insurance Cover protects the business and the estate from creditors, by settling the debt, and allowing the business to continue to operate without the burden of potentially catastrophic debt.


  • Personal Life & Disability Cover

    Life insurance and Disability insurance provides the funding needed to continue supporting your family if you are unable to continue working due to illness or injury, and ensures that major debt items such as home loans and estate duty do not cripple your family financially.

    Ensuring your family’s future welfare is essential in every home, this life insurance and disability insurance is the most cost effective way, especially for those who don’t work at large firms. Anything in life can happen, whether it be death, terminal illness, or critical illness, the family is paid out a lump sum after the incident. The disability cover is calculated based on the dependants’ needs.

    When considering the amount for the death cover:

    • Current amount of money
    • Income dependants need when you aren’t around
    • Future needs


  • Investments

    We can offer a wide range of Investment/ Retirement options.

    We have added an experienced certified financial planner (CFP) and an expert in the investment market to our team who also happens to be an international portfolio manager with more than 15 years experience in structuring personalised investments and funds for both corporates and individuals alike.

    We have access to all the major investment houses in the market place, such as Allan Grey, Investec, RMB, Momentum and Coronation to name a few.



For more information please contact: Brett Lazarus 0861 SATIB4U (7284248) Email: brett@satib.co.za