Shareholder and Partnership Protection

A life assurance policy taken out by each shareholder or Partner of a business for the benefit of all of the remaining owners of that business. A policy can be chosen that pays the lump sum benefit in the event of death only, or on either death or the contraction of a critical illness. The duration of the cover can be a fixed term, for the whole of life, or for a rolling series of, say, 5 or 10 year terms, depending on the business requirements. By carrying out a review and implementing our recommendations the uncertainty of compensating the deceased’s next of kin can be relieved, allowing the business to continue functioning to the best of its ability and without uncertain financial distractions.