Share Protection
THIS SERVICE IS BY REFERAL ONLY.
Share Protection offers directors or partners of a company a strategic way to secure the business against unforeseen financial challenges in the event of the passing of a fellow director or partner. This insurance ensures the business can continue by providing necessary funds through life cover.
Share protection through life assurance
Directors' or partners' share agreements may provide for the remaining directors to purchase the shares of other shareholding directors should they die. However there is a risk that the remaining directors may not have sufficient funds to hand when a fellow director passes away unexpectedly.
One solution to this is to take out life cover as a source of funding.
To arrange such cover requires the understanding and agreement of all concerned. It will also require some careful calculations to determine how much cover is required. However, it will be a comfort to all directors or partners of a business to know that their own or a colleague's death will leave the other directors with sufficient support to carry out the terms of their shareholders' agreement.
This type of policy can also include critical illness for protection in the event that a director or partner is forced to leave due to illness.
THE PLAN WILL HAVE NO CASH IN VALUE AT ANY TIME AND WILL CEASE AT THE END OF THE TERM. IF PREMIUMS ARE NOT MAINTAINED, THEN COVER WILL LAPSE.
Life cover ensures that there are sufficient funds for the remaining directors or partners to uphold shareholders' agreements in the event of an unforeseen demise. We can offer a detailed assessment of your business's needs and a comprehensive understanding of Share Protection. Covering Beckenham, Bromley, and South London, connect with us to discuss the most effective strategies for your company's continuity.
THIS SERVICE IS BY REFERAL ONLY.
Share Protection offers directors or partners of a company a strategic way to secure the business against unforeseen financial challenges in the event of the passing of a fellow director or partner. This insurance ensures the business can continue by providing necessary funds through life cover.
Share protection through life assurance
Directors' or partners' share agreements may provide for the remaining directors to purchase the shares of other shareholding directors should they die. However there is a risk that the remaining directors may not have sufficient funds to hand when a fellow director passes away unexpectedly.
One solution to this is to take out life cover as a source of funding.
To arrange such cover requires the understanding and agreement of all concerned. It will also require some careful calculations to determine how much cover is required. However, it will be a comfort to all directors or partners of a business to know that their own or a colleague's death will leave the other directors with sufficient support to carry out the terms of their shareholders' agreement.
This type of policy can also include critical illness for protection in the event that a director or partner is forced to leave due to illness.
THE PLAN WILL HAVE NO CASH IN VALUE AT ANY TIME AND WILL CEASE AT THE END OF THE TERM. IF PREMIUMS ARE NOT MAINTAINED, THEN COVER WILL LAPSE.
Life cover ensures that there are sufficient funds for the remaining directors or partners to uphold shareholders' agreements in the event of an unforeseen demise. We can offer a detailed assessment of your business's needs and a comprehensive understanding of Share Protection. Covering Beckenham, Bromley, and South London, connect with us to discuss the most effective strategies for your company's continuity.
