Business Protection
Life insurance has a core role to play in providing financial protection for private companies, partnerships and the sole trader. It ensures that a capital payment takes place to steady the corporate ship should the business suffer the loss of a key participant. This could prove to be the necessary liquidity to realign ownership of the business at the time of the loss of a co-owner and satisfy the family’s need to capitalise on the value of its share. In certain cases tax efficient Relevant Life Plans can be used to control costs.
This is not just an area for life insurance as it can be extended to cover such situations as a heart attack or stroke or cancer diminishing the input previously provided by a key member of staff or owner.
Related Services
Life Insurance
A wide range of product types are available and we are well placed to sift through these to meet the your current and future financial protection needs.
Critical Illness & Earnings Replacement
Insurances such as critical illness and earnings protection can go a long way to removing the financial stress of such unfortunate events.
Inheritance Tax
A key planning tool now is to maximise the use of pensions to cascade wealth down the generations to children, grandchildren and beyond.