Shareholder/partnership protection

In most limited companies or partnerships there is a need to ensure that the business will continue in the event of the death of a partner or shareholder while allowing the deceased's estate to take out fair value.

Shareholder or partnership assurance is intended to deliver the right money in the right hands in the most tax-efficient manner.

Fair value might include:

• Invested capital
• Undrawn profits
• A share of goodwill

Such policies can be taken out not only to cover death but also on diagnosis of a critical illness, which would include medical conditions such as heart attack, stroke or cancer.

Key person protection

Providing business with protection in case of the serious illness, injury or death of a key person which could potentially compromise the business's stability, profitability or success.

Cover is often required to repay loans or other debt.

Require more information? email info@lycetts.co.uk