Ready to compare
Key Person Insurance policies?
FSCA-Authorised Advisers | Whole-of-Market Access
We can find you the most suitable Key Person Insurance Policy that protects your employees and their families — with expert guidance and no fees.
25,392
Businesses Helped
Average Star Rating
"We would love to do the same for you..."
Protect your business from losing its most valuable people
Losing a key person can devastate a business, as revenue streams dry up, lenders recall loans, and customers drift away. Without proper Key Person Protection, you risk:
Financial Losses
Missed sales, delayed projects, and diminished profits while you search for a replacement.
Loan Obligations
Inability to repay business loans or meet financial obligations without your key person's contribution.
Business Closure
Closure if lenders or investors lose confidence in your ability to continue trading.
What is a Key Person Insurance Policy?
Key Person Insurance is life cover your business takes out on a key individual whose loss would cause significant financial strain.
Replace lost profits during transition
Repay business loans and overdrafts
Cover recruitment and training costs
"Gives South African businesses time and resources to recover from losing someone vital to their success."
The CoveredLife promise
With CoveredLife, you get expert support and absolute transparency.
Whole-Market Access
We connect you with FSCA-authorised advisers who secure protection from leading SA providers.
No Hidden Fees
You never pay for our service. Insurers compensate our advisers only when they secure suitable cover.
Business Protection Expertise
Advisers consider lost profits, recruitment costs, and business loan protection.
Comparison of Key Person Protection providers in South Africa
CoveredLife connects you with FSCA-authorised advisers who specialise in Key Person Protection across South Africa. They work with leading insurers to secure policies that properly compensate businesses for the loss of a key individual.
Lump Sum Payment
Immediate funds to stabilise operations during a difficult transition period.
Tax Relief
Premiums may qualify for corporation tax relief if structured correctly.
Flexible Cover
Calculate based on profit contribution, replacement costs, or debt levels.
Multiple Key Personnel
Take out separate policies on several vital members of your business.
Terminal Illness Benefit
Pays out if the insured person is diagnosed with a condition likely to result in death within 12 months.
"Most business owners underestimate how vulnerable they are without a Key Person Insurance plan. We understand the financial strain that occurs if these key people develop a serious illness or die."
James Stait
CoveredLife
Free Guide: The Business Leader's Guide to Financial Protection
Get a clear, jargon-free overview of how to protect your income, business and family in one place.