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Institute of Financial Professionals Australia 2023 Conference
2023 Institute of Financial Professionals Australia Annual Conference
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The Perils of Key Person Insurance

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Presentation Description

Many believe insurance of a key person is a simple thing – just pick an amount and arrange for the cover. However, with the range of considerations to be made – from how the purpose of the cover determines the taxation treatment of premiums and benefits which in turn could affect the required cover amount, to whether traditional ownership structures are appropriate – the application of key person arrangements is far from simple. This session will highlight the areas that need to be addressed to make sure that intent is matched by implementation to protect the insured, their business and your practice.

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Authors

Financial Services Technical Phil Osborne - The Institute of Financial Professionals Australia

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