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Key Person and Shareholder Protection

“We had just won a new contract which required us to take out additional borrowing to fund the ambitious expansion plans following an opportunity created by our Sales Director and a personal contact of his. The contract was for a period of 3 years, but was highly dependent on the Sales Director’s continued involvement on a day to day basis. In the event of his death or serious ill health, the substantial contract could have been seriously at risk, so at the advice of MRIB we took out a policy to cover our expected returns on bank debt and associated profits with this contract.”

– Anonymous, Financial Services Client