If a business owner dies or suffers a terminal illness, their share of the business usually passes to their beneficiaries.
If a business owner dies or suffers a terminal illness, their share of the business usually passes to their beneficiaries. To regain control of that share, surviving business owners may need to buy that individual’s part of the business.
Many business don’t have the money to do this and it can be costly to borrow.
How does Shareholder and Partnership Protection help?
We’ll pay a lump sum if a business owner dies or suffers a terminal illness. This provides the capital to enable the surviving business owners to buy that individual’s share of the business – allowing them to keep control.
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