{"product_id":"key-man-agreement","title":"Keyman Agreement Template - South Africa","description":"\u003ch2 style=\"text-align: center;\"\u003e\u003cstrong\u003eKeyman Agreement Template - South Africa\u003c\/strong\u003e\u003c\/h2\u003e\n\u003cstrong\u003eSummary \u003c\/strong\u003eA Key Man Agreement can be used by a company that takes out Key Man insurance over the life of someone who plays a critical role in the business. A Key Man Agreement is an acknowledgement by the key man or woman that the insurance policy is in place, and a confirmation about each party’s rights and obligations around the life policy.\n\n\u003cstrong\u003eWhy do I need a Key-Man Agreement? \u003c\/strong\u003eOften a company employs someone who turns out to be a critical part of the organisation’s business. If something happened to that person, the business could seriously suffer. This prompts the company to take out keyman life insurance cover over the critical resource. A written agreement can be a useful document for the company to sign with their key resource. It sets out the critical resource’s rights and responsibilities with regards to the insurance policy, including what might happen to the policy if the resource leaves the company.\n\n\u003cstrong\u003eWhat does the document say? \u003c\/strong\u003eThe Key Man Insurance Agreement consists of: Definitions; Introduction; Policies; Cession of Policies; Disputes; General.\n\n\u003cstrong\u003eWhat does this agreement look like? \u003c\/strong\u003eThe standard document can be printed onto five pages.\n\n\u003cstrong\u003eWhat do you need to do to use the agreement?\u003c\/strong\u003e\n\u003cul\u003e\n \t\u003cli\u003eRead the sample Keyman document to ensure that it suits your requirements. Make any changes as required.\u003c\/li\u003e\n \t\u003cli\u003eComplete Annexure A by adding in the details of the life policies taken out.\u003c\/li\u003e\n \t\u003cli\u003eEnsure both policyholder and key man resource sign the Agreement with each getting a copy of the final, signed agreement.\u003c\/li\u003e\n\u003c\/ul\u003e\nAlso viewed: \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/buy-sell-agreement-2-parties-death-disability\/\"\u003eBuy \u0026amp; Sell Agreements\u003c\/a\u003e\n\n\u003cstrong\u003eThe Online Agreements Shop cc and its members, staff, legal advisers, partners and consultants, agents and any person associated therewith cannot be held liable for any loss or damage that is incurred or may be incurred by any person as a direct or indirect result of the use of this website or any document or information contained on or obtained from this website, nor as a result of anything that is contained in or left out of any document.\u003c\/strong\u003e","brand":"Agreements Online","offers":[{"title":"Default Title","offer_id":59164043346060,"sku":"AO-3496","price":405.88,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/Key-Man-Agreement-1.jpg?v=1789524788","url":"https:\/\/agreementsonline.co.za\/products\/key-man-agreement","provider":"Agreements Online","version":"1.0","type":"link"}