Partnership and Shareholder Protection
What happens when a business owner dies or suffers a major health problem that restricts their ability to carry on in the business?
That person, their family and the other business owners are usually faced with the question of how to manage the sale of that person’s shares, how to settle business debt and personal guarantees so that the business can survive and carry on.
And of course provide value and an exit strategy out of the business for the owner that has died or suffered the major health problem.
We put in place a partnership agreement and associated buy/sell agreement in place to plan for and subsequently handle these questions.
Life Insurance is then used to fund the purchase of the person’s shares, pay down debt and settle personal guarantees.
Please refer to the relevant policy document for full details of the insurance contract and the terms, conditions, limitations and exclusions that may apply.
• Comprehensive life insurance with terminal illness payout
• Choice of different plans
• Choice of payment options
• Funeral benefits included
• Ability to increase your cover as your business grows
• Worldwide cover
