If you are a business partner or shareholding company director, your share in the business is likely to be one of your most valuable assets. What would happen if you were to die?
- Would the surviving partners/directors have easy access to funds to purchase your share of the business from your estate?
- Would those who inherit your estate want to involve themselves in the business? Would they be able to sell their share?
- What if you were diagnosed with a critical illness? If you wished to retire from the business who would be able to provide the funds to purchase your share?
Partnership or shareholder protection can offer solutions to these potential problems, by combining a means to provide the necessary funds with a legal agreement that ensures those funds end up in the right hands.
One of the keys to successful protection planning is to regularly review all your protection.
At AIC Financial we offer regular reviews to ensure your current protection arrangements are suitable to your needs and are competitive in cover and cost. We annually check your cover to ensure that your needs have not changed along with. We could also save you money! Please contact us for your free initial, no obligation Protection review using the link below.