Phone:01992 500800 | info@eversley.co.uk
Share Protection
Share protection through life assurance
Directors' or partners' share agreements may provide for the remaining directors to purchase the shares of other shareholding directors should they die. However there is a risk that the remaining directors may not have sufficient funds to hand when a fellow director passes away unexpectedly.
One way round this is to take out life cover as a source of funding.
To arrange such cover requires the understanding and agreement of all concerned. It will also require some careful figure work to determine how much cover is required. However, it will be a comfort to all directors or partners of a business to know that their own or a colleague's death will leave the other directors with sufficient support to carry out the terms of their shareholders' agreement.
Life Assurance Enquiry
Company address: Eversley Estate Planners Ltd - 19-21 Bull Plain, Hertford, SG14 1DX
T: 01992 500800
F: 01992 500444
Email: info@eversley.co.uk
Registration address as company address
Registration number: 05254380
Registered in: England
Eversley Estate Planners Ltd is authorised and regulated by The Financial Services Authority. Eversley Estate Planners Ltd is entered on the FSA register (www.fsa.gov.uk/register/) under reference 460399.
The Financial Services Authority do not regulate Will Writing, Loans, Credit Cards, or some forms of Mortgage, Tax Advice, Offshore Investments, Estate Planning.