Life insurance products for business

Minimise the risks your business faces

The most valuable assets a business has is its employees, owners, shareholders and directors. Ask yourself is your business protected in the event of;

- your sudden death or that of a key employee (share transfer, debt and/or cash-flow)

- being diagnosed with a serious illness (salary payments whilst in recovery)

How can we help?

Life insurance can be arranged to cover the lives of the respective partners or shareholders, it is then backed up with legal agreements, to ensure there is a tax efficient transfer of shares on death.

Life insurance for the business to cover key people in the event of death and/or specified serious illness.

What solutions are available;

Keyperson Insurance

This allows a limited company to protect against the potential financial loss it would suffer on the death of a key person (specified serious cover also available) e.g. loans the business may have to repay in the event of the death of a key employee. Terms and conditions apply.

Co Directors Protection

This allows the shareholders of a limited company to provide the funds needed to purchase the shares of a deceased shareholder from their personal representatives. the life insurance contracts are affected by the shareholders personally. this ensures the surviving shareholders retain control of the business. Terms and conditions apply.

Corporate Co Directors Insurance

This is an arrangement where life cover is put in place and the company agrees with the shareholder to buy back the deceased’s shares from the personal representatives on death. The costs of the life insurance are paid for by the company. Terms and conditions apply.