       
 
 
 5.0 
   Top Rated Service 2026 
 verified by Trustindex 
 Trustindex verifies that the company has a review score above 4.5, based on reviews collected on Google over the past 12 months, qualifying it to receive the Top Rated Certificate.

5 Star Rated Financial Advisers UK

Key Person Insurance is Essential Protection for Your Business

If a key employee or director were suddenly unable to work due to illness or death, how would your business cope? Key Person Insurance provides crucial financial support to help maintain stability, protect profits, and ensure continuity when you need it most.

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Rated Excellent.. Don't just take our word for it!

      
 5.0
 5.0
 Top Rated Service 
   Verified by Trustindex  Trustindex verified badge is the Universal Symbol of Trust. Only the greatest companies can get the verified badge who has a review score above 4.5, based on customer reviews over the past 12 months. Read more
 
 
 
 
 
   
 
 
      Posted on Google  
   
   Gary Trent 
 230 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Olivia (Powell) was very friendly in a professional way. She was very easy to talk to, impressed me with her skills and competency and answered all our questions succinctly. She gave us good advice and was unbiased in her views. I would no hesitate to highly recommend her.
  
 
     Posted on Google  
   
   Nigel Brazendale 
 230 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Simon Davies has always been fair honest and professional with our dealings. He is great and have recommended him to others many times.
  
 
     Posted on Google  
   
   Phil 21 
 237 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Tim Meiris at Beals has been absolutely exceptional. He is excellent at following up on every detail and is particularly strong at dealing with complex situations. Tim has managed both of our mortgages and has been outstanding throughout, especially when handling a complicated scenario involving my mother’s new home and a second mortgage. His advice and guidance were incredibly helpful, clear, and reassuring at every stage. Tim is super friendly, extremely proactive, and very efficient when it comes to paperwork and securing deals quickly. I wouldn’t hesitate to highly recommend Tim to anyone looking for a mortgage advisor who is thorough, knowledgeable, and genuinely great to work with.
  
 
     Posted on Google  
   
   Anna Lacey 
 240 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Calls on time, answers questions and researches anything that is unclear.
  
 
     Posted on Google  
   
   Chizitere Chimezie 
 255 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Olivia Rowell was very supportive throughout the process of our getting our dream home, always a step ahead, encouraging, replying our questions and emails very promptly and kudos to Olivia we got the best interest rate. Would gladly do this over and over again with her.
  
 
     Posted on Google  
   
   Courtney Brown 
 259 days ago
 
 
 Trustindex verifies that the original source of the review is Google. I’ve had a great experience working with Holly. She is knowledgeable, responsive, and took the time to explain options clearly. I feel confident knowing my finances are being managed with care and professionalism. Highly recommended
  
 
     Posted on Google  
   
   Lee Barrow 
 262 days ago
 
 
 Trustindex verifies that the original source of the review is Google. We arranged our life insurance with Lewis, who I can't recommend highly enough. There was a few medical issues from our side which he was able to get sorted with the provider.
  
 
     Posted on Google  
   
   James 
 271 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Rating 5 stars - I had Olivia help me out with buying my first home on a recommendation and she was excellent. She made sure I fully understood the process and the options available to me, so I always felt in control. She was also very helpful and prompt, and even assisted with a last minute request to get me a lower interest rate. Highly recommend.
  
 
     Posted on Google  
   
   neil davies 
 272 days ago
 
 
 Trustindex verifies that the original source of the review is Google. My first pension review with this company as ive been there 12 months and Simon Davies my advisor was very informative and spoke in a clear and understandable manner,my funds are also doing well so well done keep it going 👍
  
 
     Posted on Google  
   
   Louise Joyce 
 275 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Mark Hurst helped us with our mortgage when moving house. We have used Mark for previous mortgage and pension advice. Mark is our go to and we will always recommend Mark to others. He is a real pleasure to deal with and he helps get the best for his clients. We wont go to anyone else.
  
 
     Posted on Google  
   
   James Woodman 
 279 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Very happy with Beals Wealth Management and In particular James Grant my FA. Communication is clear ,timely and importantly at the date & time agreed. Very pleased with the performance in my first two years with Beals.
  
 
     Posted on Google  
   
   Maria Puckey 
 281 days ago
 
 
 Trustindex verifies that the original source of the review is Google. 
  
 
     Posted on Google  
   
   Darren Faulkner 
 281 days ago
 
 
 Trustindex verifies that the original source of the review is Google. We dealt with Paul and Charlie for life and critical insurance on our business. Very professional, knowledgeable and efficient. Would recommend them to anyone wanting any form of advice on insurance, pensions or investments.
  
 
     Posted on Google  
   
   zx yang 
 282 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Great communication and customer service, would recommend. Our case was handled by  Mandy PUNTIS were always quick to answer our queries. Thanks again!
  
 
     Posted on Google  
   
   Louise Edwards 
 295 days ago
 
 
 Trustindex verifies that the original source of the review is Google. I had an excellent experience working with Mandy Puntis. She is incredibly helpful and knowledgeable, guiding me clearly through the process and advising me on exactly how much I could borrow. Her professionalism, patience, and friendly approach made what can be a stressful process feel straightforward and manageable. I would highly recommend Mandy to anyone looking for clear, expert mortgage advice.
  
 
     Posted on Google  
   
   jacky parish 
 295 days ago
 
 
 Trustindex verifies that the original source of the review is Google. 
  
 
     Posted on Google  
   
   Amelia Atchison 
 301 days ago
 
 
 Trustindex verifies that the original source of the review is Google. I can’t thank Clare enough for all her help with my mortgage and insurance! As a first-time buyer, I was quite nervous about the whole process, but Clare was so kind, patient, and supportive from start to finish. She took the time to explain everything clearly, always kept me updated, and made what could have been a stressful experience feel really easy and reassuring. Clare genuinely cares about her clients and goes above and beyond — I couldn’t have asked for a better adviser. I’d highly recommend her to anyone looking for someone trustworthy and compassionate to guide them through the process.
  
 
     Posted on Google  
   
   Jo Morrell 
 314 days ago
 
 
 Trustindex verifies that the original source of the review is Google. My advisor, Chris Milczarek is always very polite and attentive of my pension needs. I’m happy to refer him.
  
 
     Posted on Google  
   
   Mambo Raissa 
 317 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Fantastic service from Clare . She was very friendly, professional, and always happy to help at all times . She made the mortgage process smooth and stress-free especially for a first time  buyer like myself. Highly recommend!
  
 
     Posted on Google  
   
   Nji Cyrille 
 317 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Clare Cheeseman provided great service from the start to the end, gave good advice and direction mortgage was successful. highly recommend
  
 
     Posted on Google  
   
   Brian Tee 
 318 days ago
 
 
 Trustindex verifies that the original source of the review is Google. James Black from Beal's Wealth Management explained where we were with our ISA and Pension funds and also explained the reasons why and the increases in the Fees we would be charged in the future. We were very happy and we both thought James did an excellent job. Thanks Brian and Sue Tee.
  
 
     Posted on Google  
   
   Alanjohn Evans 
 322 days ago
 
 
 Trustindex verifies that the original source of the review is Google. It was sufficient
  
 
     Posted on Google  
   
   Dominic Pisani 
 324 days ago
 
 
 Trustindex verifies that the original source of the review is Google. A really lovely team of advisors, especially Chris M, always on hand to answer questions and advise where appropriate. The yearly reviews are really helpful to ensure the pension is on the right track, but they call you mid-year if they recommend a change to any products. Really reassuring to have them assisting with and looking after my private pension.
  
 
     Posted on Google  
   
   Mehmood 
 327 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Trevor has been extremely professional and helpful over a number of years.
  
 
     Posted on Google  
   
   Christine McFall 
 331 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Mark Hurst has been managing my portfolio for many years. Even in a struggling economy he manages the market successfully. Mark is the most professional, knowledgeable,  trustworthy financial advisor I have had the pleasure to deal with. He is an absolute gentleman whom I highly recommend.
  
 
     Posted on Google  
   
   Malcolm Harrison 
 335 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Excellent service. Our advisor explains everything clearly.
  
 
     Posted on Google  
   
   Adam Pendleton-Brown 
 343 days ago
 
 
 Trustindex verifies that the original source of the review is Google. We were put in touch with a gentleman called Kieran. This appointment was to discuss the possibility of taking out a new critical illness cover. He explained that he had done some research and went through the options. Kieran was very thorough and explained everything in detail. From start to finish the service was excellent.
  
 
     Posted on Google  
   
   Lauren Cane 
 346 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Recently exchange don my property and Olivia Rowell handled my mortgage. She is very professional, knowledgable and prompt with enquiries and responses! Will be recommending her to all friends/family etc.
  
 
     Posted on Google  
   
   Xanthe Weatherhead 
 350 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Olivia was fantastic from start to finish. She gave me so much information in our initial conversation before I had even agreed to use her as my broker. I felt so confident that I would be looked after and it was true! Olivia kept track of the mortgage rates throughout, locking in lower mortgage interest rates as they changed whilst waiting for our house to go through. She was so patient with us when we had to reapply as our first sale fell through and even successfully appealed for us when our mortgage for the second house was initially rejected. Olivia also provided great advice regarding protection for our home and livelihoods. I would highly recommend her.
  
 
     Posted on Google  
   
   Carol Meyer 
 351 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Excellent service and a great company. Its been wonderful to work with Chris Milczarek my financial planner who not just helps me sound advice with my pension but always gives me genuine time to discuss other options.  Thank you...
  
 
     Posted on Google  
   
   Priscilla Karim 
 356 days ago
 
 
 Trustindex verifies that the original source of the review is Google. I’m very impressed with the services I received. I and my husband were looking for a house and Clare Cheeseman made this experience worthwhile with getting us the best mortgage deal and would follow up if there is a rate drop to change to lower interest rate. It took us nearly two years as the first property fell through and Clare was there every step of the way, checking on the progress, helped us close a good rate at last minute as well. So grateful that we finally got our keys today.
  
 
     Posted on Google  
   
   Max Ward 
 356 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Christine is a superb adviser who takes the time to understand her clients' needs and concerns. After expressing my desire to consolidate my arrangements in the medium term, Christine expertly worked on a range of options, clearly explaining all considerations and most importantly offering plans for the future. I cannot recommend Christine highly enough.
  
 
     Posted on Google  
   
   Edward Chase 
 359 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Beals financial services have searched for our mortgages renewals since we started on the property ladder roughly 5 years ago. I can’t recommend them enough! Christine Poynter Mortgage & Protection Adviser is absolutely amazing!! She is super friendly and reliable, always there at the end of the phone with a really helpful and informative outlook when searching for our next mortgage deal! She’s super quick with replying to emails and answers anything even if they may feel stupid. I feel like I’m taking to a good friend! I won’t look anywhere else for a Morgage advice, I highly recommend Christine!
  
 
     Posted on Google  
   
   Matthew 
 365 days ago
 
 
 Trustindex verifies that the original source of the review is Google. As always, incredible service from Alex Hudson with sorting a new mortgage out for me. Communication is incredible and he is very efficient. Whole process with simple and smooth, I couldn’t recommend enough. thank you Alex!
  
 
     Posted on Google  
   
   Julie Russell 
 372 days ago
 
 
 Trustindex verifies that the original source of the review is Google. We are really happy with our Financial Advisor, James Grant. He is always very friendly, easy to talk to and very efficient and knowledgable regarding Financial Matters.
  
 
     Posted on Google  
   
   Paula Rodney 
 377 days ago
 
 
 Trustindex verifies that the original source of the review is Google. My brilliant adviser, Neil Adams, gave attainable and realistic advice when helping me to plan for my future retirement. He was extremely informative and infinitely patient when dealing with my many questions and I wouldn't hesitate to recommend him.
  
 
     Posted on Google  
   
   Michael V 
 393 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Olivia who is my new adviser has been very kind and extremely helpful. She brought all up to date on my pension fund and sent me the info I needed. I've been with Beals since 2018 and always had a great service.
  
 
     Posted on Google  
   
   Fatima C 
 394 days ago
 
 
 Trustindex verifies that the original source of the review is Google. I have no words to describe how helpful Christine Poynter has been during our mortgage process. She went above and behind to make sure we always understood every step during this long journey. Her incredible sense of humour kept us positive during times we almost felt like giving up. Always available for a reassuring phone call when needed. Thank you for your professionalism and great work but also for your positive attitude and friendly manners, so needed during our difficult process. We will never forget your support.
  
 
     Posted on Google  
   
   Michael Clarke 
 395 days ago
 
 
 Trustindex verifies that the original source of the review is Google. 
  
 
     Posted on Google  
   
   Emma Linley 
 396 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Excellent service and advice from Chris. Easy to deal with and proactive with recommendations around future planning.
  
 
     Posted on Google  
   
   Victor Lejasmeiers 
 398 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Charles Boyd carried out my annual review, the meeting was carried out in a relaxed but effective manner. I was impressed in the manner to which my information was given to me. I look forward to working with him in the future.
  
 
     Posted on Google  
   
   Gabriel Dusa 
 398 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Charles has been an exceptional mortgage advisor throughout our home-buying journey. While the process was far from smooth delays from the bank and extensive financial requests from the solicitor tested our patience Charles went above and beyond, utilizing every resource at his disposal to help us secure our first home. His dedication and support were invaluable, and I cannot recommend him highly enough!

What is Business Protection?

In today’s fast-paced and often unpredictable business environment, safeguarding a company’s assets, reputation, and operational continuity is paramount. Business protection refers to a range of strategies and measures that organisations implement to shield themselves from potential risks that could disrupt operations or cause financial loss.

Key Person Insurance is Essential Protection for Your Business

Key person insurance, often referred to as key man insurance, is a crucial life insurance policy that businesses purchase on the lives of individuals who are vital to their success. This insurance is typically taken out on top executives, founders, or essential employees whose unique skills and contributions significantly impact the organisation. In the unfortunate event of a key person's death or incapacitation, the business receives a financial payout to help manage the transition.

What is Key Person Insurance?

Key person insurance provides financial security to businesses by ensuring that, in the event of a key individual's loss, the organisation can recover and continue operations without significant financial disruption. The business pays the insurance premiums, and the policy payout can be utilised to cover costs associated with the loss.

Benefits of Key Person Insurance

Financial Stability

One of the primary benefits of key person insurance is the financial cushion it provides. The payout can help cover immediate expenses, such as salaries, while the business searches for a replacement, ensuring financial stability during challenging times.

Ensures Business Continuity

Losing a key individual can lead to operational disruptions. Key person insurance allows businesses to maintain continuity by providing funds to keep operations running smoothly while finding a suitable replacement.

Coverage for Business Debt

Key persons often play critical roles in securing business loans and credit. The insurance payout can be used to settle outstanding debts, thus preventing financial instability and maintaining the company’s credit rating.

Enhances Employee Retention

Implementing key person insurance signals to employees that their contributions are recognised and valued, which can improve morale and retention rates.

Investment in Succession Planning

The insurance funds can be instrumental in developing a succession plan. Businesses can allocate resources to train and promote existing employees, ensuring that leadership roles can be filled seamlessly.

Peace of Mind for Business Owners

Knowing that the organisation is protected against the loss of a crucial member provides peace of mind for business owners and stakeholders. This assurance allows leaders to focus on growth and strategic initiatives.

Things to Consider When Choosing Key Person Insurance

Determining Coverage Amount: It's important to assess the financial impact of losing a key person. The coverage should reflect factors such as potential lost revenue and costs related to hiring a replacement.

Identifying Key Individuals: Not every employee will require key person insurance. Focus on those whose skills and contributions are essential to your business's operations.

Regular Policy Review: As your business evolves, so do your insurance needs. Regularly reviewing your key person insurance policy ensures it remains aligned with your current business circumstances.

Tax treatment varies according to individual circumstances and is subject to change.

Key person insurance, while providing vital financial protection for businesses, also has specific tax implications that business owners should understand. Here’s an overview of the tax considerations associated with key person insurance in the UK:

Premium Payments

Business Expense: Premiums paid for key person insurance are generally considered a business expense and are tax-deductible. This can reduce the overall taxable profit of the business, resulting in lower corporation tax liability. However, it’s essential to ensure that the policy is structured correctly to qualify as a legitimate business expense.

Payouts from the Policy

Tax-Free Payouts: In the event of a claim (i.e., the insured key person passes away), the payout from the key person insurance policy is usually tax-free for the business. This means that the full amount can be used to support the business without incurring tax liabilities on the insurance proceeds.

Death Benefits and Income Tax

No Income Tax on Death Benefits: The proceeds received from a key person insurance policy upon the insured's death do not attract income tax. This allows the business to use the money for immediate operational expenses, debt repayment, or recruitment of a replacement without worrying about tax deductions.

Inheritance Tax Considerations

Potential Inheritance Tax: While the payout from key person insurance is generally tax-free for the business, there may be potential inheritance tax (IHT) implications. If the policy is owned by the individual (the key person) and not the business, the payout could be considered part of their estate and may be subject to IHT. To avoid this, businesses often structure the policy in a way that it is owned by the business rather than the individual.

Corporation Tax and Allowability

Deductibility of Premiums: For a key person insurance policy to be tax-deductible, it should be primarily for the business's benefit, and the insured must be a key employee. If the policy is deemed to be primarily for personal benefit (for example, if the key person has significant personal debts), the tax authority may disallow the expense.

Employee Benefits and Taxation

Taxable Benefits: If a key person insurance policy provides any additional benefits to the key employee (other than the payout to the business), such as a cash surrender value, it may need to be treated as a taxable benefit. This could result in additional tax obligations for the employee.

We can advise you on the right Key Person cover to protect your business, contact us today to get started.

Our consultations are free and without obligation. If you decide to proceed with our advisers recommendations, a fee may apply but we’ll always be transparent and discuss any costs with you.

SPEAK TO AN ADVISER BUSINESS PROTECTION SERVICESS

Case Study: Key Man Insurance for Tech Innovators Ltd

Case studies used are fictional and for illustrative purposes only.

Profile

Name: Tech Innovators
Industry: Technology and Software Development
Location: London, U.K.
Employees: 50
Annual Revenue: £5 million
Founded: 2015

       
 
 
 5.0 
   Top Rated Service 2026 
 verified by Trustindex 
 Trustindex verifies that the company has a review score above 4.5, based on reviews collected on Google over the past 12 months, qualifying it to receive the Top Rated Certificate.

Background:

Tech Innovators is a rapidly growing technology company specialising in software solutions for small to medium enterprises. The company has gained significant market traction, thanks to its innovative products and a strong leadership team. However, the company’s success is heavily reliant on its two co-founders, Mrs B (CEO) and Mrs G (CTO), who are pivotal to its operations, vision, and client relationships.

Challenges:

As the company continues to grow, the potential impact of losing a key member of the leadership team has become a pressing concern. Holly and Grace’s expertise, relationships, and strategic vision are integral to the company’s ongoing success. Losing either of them could lead to:

Financial Loss: A sudden departure could disrupt operations, leading to lost revenue.

Client Relationships: Both co-founders maintain critical relationships with clients, which could be jeopardized.

Employee Morale: The uncertainty caused by the loss of a key leader could impact employee morale and retention.

The Solution:

To mitigate these risks, Tech Innovators Ltd. sought financial advice regarding Key Man Insurance from Beals Wealth Management. This type of insurance provides financial protection against the loss of a key individual whose absence could significantly impact the business.

Implementation Process:

Consultation with Beals:

Engaged with Beals who have advisers specialising in corporate insurance.

Evaluated the potential financial impact of losing a key individual.

Assessment of Key Individuals:

Identified key personnel: Mrs B & Mrs G.

Estimated the financial contribution of each principal to the company, including revenue generation, client retention, and overall strategic impact

Policy Selection:

Chose a policy that covers life insurance and critical illness insurance for both co-founders.

The coverage amount was determined based on the estimated financial impact of losing each individual, ensuring the company could cover immediate costs and potential revenue loss.

Regular Review:

Established a timeline for regular reviews of the policy to ensure coverage remains adequate as the company grows and changes.

Outcomes:

Financial Security: With the implementation of Key Man Insurance, Tech Innovators Ltd. secured a safety net that could cover lost revenues and operational costs in the event of losing Miss B or Miss G.

Enhanced Stability: The insurance provided peace of mind to investors, clients, and employees, knowing that the company has a plan in place to address potential leadership challenges.

Improved Business Continuity: The financial cushion allows for smoother transitions and the possibility to invest in temporary leadership or training for other employees to fill the gap.

Conclusion:

For Tech Innovators, securing Key Man Insurance was a crucial step in safeguarding its future. By working with financial advisers to understand the implications of losing key personnel and implementing a robust insurance policy, the company not only protected its financial interests but also reinforced its commitment to long-term stability and growth. This proactive approach has positioned Tech Innovators for continued success in a competitive market.

Expert Financial Advice UK Wide

5 Star Rated Financial Advisers UK

Key Person Insurance is Essential Protection for Your Business

Rated Excellent.. Don't just take our word for it!

What is Business Protection?

Key Person Insurance is Essential Protection for Your Business

What is Key Person Insurance?

Benefits of Key Person Insurance

Financial Stability

Ensures Business Continuity

Coverage for Business Debt

Enhances Employee Retention

Investment in Succession Planning

Peace of Mind for Business Owners

Things to Consider When Choosing Key Person Insurance

Premium Payments

Payouts from the Policy

Death Benefits and Income Tax

Inheritance Tax Considerations

Corporation Tax and Allowability

Employee Benefits and Taxation

We can advise you on the right Key Person cover to protect your business, contact us today to get started.

Case Study: Key Man Insurance for Tech Innovators Ltd

Case studies used are fictional and for illustrative purposes only.

Profile

Background:

Challenges:

The Solution:

Implementation Process:

Assessment of Key Individuals:

Policy Selection:

Regular Review:

Outcomes:

Conclusion:

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