Overview
The potential loss due to the critical illness or death of a director or partner within a small- or medium-sized enterprise can represent a significant risk to operational stability and revenue.
This risk may be due to the surviving partners in a business being unwilling to work with the beneficiaries of a deceased partner's share in the firm, for example, or it may be due to a disruption of income in the event of the loss of a key salesperson.
Term assurance policies offer an effective means of protection, by paying a cash lump sum to clear liabilities, compensate losses or provide funds for share acquisition in the event of the critical illness or death of insured persons.
Healthcare Quotations can provide recommendations upon suitable, tax-efficient policies to meet the salient risks posed to a firm and its partners or directors. |
