What is Shareholder Protection? A simple life insurance policy, or multiple, linked with a trust and a shareholders agreement that allows the beneficiary of Ltd Co shares to monetise them.
Why do we do it? In short, if you run a business with a partner and they die, their spouse will likely inherit the shares. You may therefore end up running the company with your dead partner’s spouse.
What benefit does this provide? Continuity and security for your company and your stakeholders.
What do we need from the client? Data and some of their time, modest monthly for premiums paid for by the Ltd Co.
What will we produce? A recommendation report and put the policies on risk and in trust.
What tools do we use? We use Iress exchange for quotations, as well as direct access to a wide range of underwriters.