Key person insurance

Financial help if central leaders or other key people in the company suffer from illness or die.

Image of a man and woman looking at a computer screen

Peace of mind if something should happen
Adapted to small and medium-sized businesses
Associates up to 7 key people in one agreement

What is key person insurance?

In a small or medium-sized business, there may be major financial consequences if a key person dies or becomes ill for a long period of time. Key person insurance ensures that the company receives financial assistance if this should happen.

The company enters into an insurance agreement in which the company is the owner of the insurance policy and the key person’s life is insured.
Up to 7 key people can be insured in one agreement and they can have different insurance coverages and sums insured.
The disbursement can be freely spent by the company for, among other things, new employees, the purchase of external services, conversion capital or to strengthen equity.

Key person insurance FAQ

What can the insurance include?

Insurance in the event of death
The insurance is paid out as a lump sum to the company if the key person dies in the insurance period.

Insurance in the event of incapacity for work
Time-limited disability annuity (two years) is agreed at an annual amount which is paid out monthly in arrears to the company if the insured party becomes at least 50 per cent incapacitated for work. The disability annuity is disbursed after a three-month waiting period for as long as the insured party is at least 50 per cent incapacitated for work up until two years before the age of 67 is reached. The disability annuity is paid according to the degree of degree of disability, 50 per cent - 100 per cent.

What characterises a key person?

How can I report an injury without access to the online bank?

In order to help you we need to know what has happened. If you don’t have access to the online bank, you can report the injury by printing out the form below and sending it to us.

1. Fill out the form that best fits the incident you wish to report:

Accident report (PDF, Norwegian)

Death report (PDF, Norwegian)

Death report, Continuation insurance (PDF, Norwegian)

Incapacity for work/illness report (PDF, Norwegian)

Incapacity for work report, Continuation insurance (PDF, Norwegian)

Loss of medical certificate/license report (PDF, Norwegian)

Child accident report (PDF, Norwegian)

2. The completed form should be sent by regular post to:

DNB Livsforsikring AS
PO Box 7500
5020 Bergen