Are you and your business covered for all today’s risk?
Risks associated with life assurance are not pleasant to think about but they do play a significant role in your business and personal life. The results could be disastrous if they are not properly insured and managed.
Being proactive, SATIB has taken the initiative to form a life assurance division, which is ably headed by Brett Lazarus. Brett is a highly qualified consultant with extensive experience in the industry. He can advise on solutions that best suit your risk needs at competitive premiums brokered through Momentum Life.
The new products now offered by SATIB now are:
Buy & Sell Business Assurance
Should one of the business owners pass away or become disabled, do the remaining business owners have the financial resources to purchase that person's interests? Is there an existing Buy & Sell agreement and supporting policies in place and is the funding sufficient to meet the need?
This product is a contract for business owners who want to make a timely provision
for the purchase of their interests in a business at a fair market value by a
willing and able buyer.
Key Person
Does your business employ someone who is integral to the running of the organisation, without whom, in the event of death or disability, the business would suffer a financial loss?
This insurance contract enables the company to survive the loss of key personnel
without losing money. It is insurance against the high costs of
recruiting, retaining and replacing the profit generated by the permanent
absence of an important employee by providing a cash injection which gives
the business time to replace that person.
Personal Liability
Have personal sureties or guarantees been signed by the business owners or Directors in respect of the business? Is there personal liability assurance in place and is the funding sufficient to meet the need?
This product has been designed to cover any sureties signed by one or all of the business partners in the event of their death or permanent disability and it protects the business and the deceased's estate from creditors.
Personal Life & Disability cover
Are you and your family covered for death, disability and dread disease? Has a current and professional plan been put into place with sufficient funding to meet your needs?
This product is designed to help your family maintain the same standard of living and to pay monthly expenses in the event of death, disability and disease of one or both of the income earners.
Retirement cover
This product allows you to save for your retirement by investing small amounts every month to accumulate a desired amount for your desired retirement date.
This monthly retirement amount is exempt from tax providing it is less than 15% of your monthly salary.
Contact Brett Lazarus at our Head Office on (031) 562 1880 for more information.
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