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Business Protection

This type of protection policy would provide funds in the event of a death or critical illness of a business partner or director, ensuring continuity of the business and providing security and protection for all.

Each business partner or director takes out a life insurance policy on their own life for an amount equal to the value of their shareholding. The policy is placed in trust and on the death or diagnosis of a critical illness of a partner or director the other directors or partners receive a cash lump sum which can then be used to buy the affected shareholder’s shares. This method ensures that the shareholder’s family receive their part of the inheritance as quickly as possible with minimum disruption to the business.

Without adequate funds or agreements in place a company may be unable to buy out the deceased share of the business, leaving any remaining dependants without an appropriate level of income replacement and the company with the risk of an inappropriate member of the deceased family taking control of their business interests.

Key Person Cover

This type of policy helps a business safeguard against the financial effects of death and/or critical illness of a key person. All successful businesses have one or more key individuals whose skill, experience, knowledge and credibility the success of the business depends, and without their active presence the business profitability may be adversely affected.

Business Loan Protection

Many business owners may have given personal guarantees or even used their residential homes as security so the loss of the person or persons who have guaranteed a loan can be particularly serious for a business and also adversely affect the owners dependants. Similarly if finance has come from a directors loan account their estate may demand repayment of the loan on their death. Business loan protection can provide the funds to ensure that these outstanding loans can be repaid in full should the guarantor die and/or suffer a critical illness.

Protection

Life Insurance

Critical Illness Cover

Family Income Benefit

Mortgages

First Time Buyer
Buy to Let
Remortgage

Protection

Life Insurance
Critical Illness Cover
Home & Contents

Business

Business Insurance
Business Protection
Landlords Insurance

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Moving on UP is a trading style of Ian Straw who is an appointed representative of HL Partnership Limited which is authorised and regulated by the Financial Conduct Authority

Think carefully before securing any other debts against your home. Your home or property may be repossessed if you do not keep up repayments on your mortgage.

There may be a fee for mortgage advice. The precise amount will depend on your circumstances and will be agreed with you before proceeding but estimate this to be £249.

The information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

*Some of these products are not regulated by the Financial Conduct Authority

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