Insurance specialists Goodfellow Rebecca Ingrams Pearson has entered the executive and key person protection market with the launch of executiveSAFE.
ExecutiveSafe is designed to protect business personnel against death by accident, total disablement or permanent total disability caused by accident.
Cover is available up to £1,000,000 and is payable if independent arbitrators determine the executive is unable to perform the major duties of his/her occupation.
A feature of the policy is the ability to calculate the benefits based upon lost chargeable hours. This makes the policy especially attractive to professionals remunerated through fees, such as solicitors or accountants.
IFA commission is available annually at 20 per cent of the premium.