News Archive

1992

1991

1989

Keyman Insurance News

Keyman Insurance Sought

Wednesday March 18, 1992
QUESTION: I am a computer consultant working in partnership with two others. I have heard people talk about keyman insurance providing protection for a business should a senior employee or business partner die. Is it relevant for a partnership such as ours and how much would it cost?

Number-crunchers Caught Out By Keyman Policies

Wednesday November 27, 1991
Eighty Ernst and Young partners are out of pocket after participating in boom-time insurance policies designed to protect people with high incomes. The embarrassing troubles with keyman insurance contracts sold by the AMP Society could lead each partner to forking out an average $25,000 -

Tax Office Moves To Squash Keyman Abuses

Friday August 18, 1989
Tax Office officials have uncovered what they believe to be multi-million dollar abuses of tax deductions for keyman insurance policies. Keyman, or split dollar, insurance policies compensate businesses for the loss of key executives, and are popular among company directors, partners, busi