Organisations choose shareholder protection, in the form of life insurance and critical illness cover, to provide financial security in the event of a shareholder’s death or critical illness.
In the event of a shareholder’s death the proceeds from the life insurance plan can be used to buy back the deceased shareholder’s interest in the business, thus keeping the shares within the company whilst paying the beneficiaries their monetary value.
If a shareholder of a joint business becomes critically ill and unable to work, shareholder protection pays a lump sum to the life assured, who is then able to return their interest to the business partner.
At First Action Finance our specialist business consultants have in-depth knowledge of the products on the market and can advise you on the type of cover you need, according to your organisational circumstances and help you find the best plan for your business needs.
Call us now on 0207 580 7770 for advice or a quote or simply complete our online enquiry form – we aim to get back to you on the same working day.
Main Office: 84-86 Great Portland Street, London, W1W 7NR