By Anthony O’Brien for Money Magazine
Almost two years ago, we lost my long-term Corpwrite business partner, great friend and fellow Money writer Chris Walker to cancer.
I won’t dwell on the details of his illness but, over the past couple of years as his health deteriorated, Chris urged me to apply for “key person insurance” – sensible advice given his health status.
However, I’d had income insurance for years, and deemed it would cover me sufficiently if something happened – so I ignored Chris’s advice.
But some key-person insurance would have helped our business, Corpwrite Australia, mitigate the financial tribulations of losing Chris’s unique skills when he retired in January 2016.