Shareholder Protection Insurance
Shareholder Protection Insurance is a life insurance policy designed to facilitate the buyback of shares from a deceased shareholder.
There are three main ways shareholder protection insurance can be taken out:
Most of the time a cross option agreement will be used along side the policy. Please check out our blog on cross options agreements.
This will depend on how much the company shares are worth and what you would be willing to sell them for. Business’s will sometimes need to be valued in order to get an idea of each shareholdings value.
The cost of shareholder protection insurance will depend on each individual life assured. Quotes will be based on the age, sum assured, smoker status and term of the policy. Actual terms offered will also depend on the health of the individual.
It doesn’t matter what type of industry you work in. Losing a shareholder to by death or serious illness can be catastrophic. It is therefore critical to ensure that you protect your business and livelihood with shareholder protection.
Quote and Apply for Shareholder Protection Insurance In 3 Simple Steps
Submit the details of the shareholders who need to be covered.
Compare the quotes online
Fill out the application and get covered today.
Simple and Low Cost
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We received a wonderful service from…
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First Class Service
The standard of service from MyKeyMan was first class. They kept me up to date with progress on my Relevant Life Policy, followed up promptly following delays caused by my medical practice being slow in compiling reports, and responded instantly and clearly to any questions I had.
UK’s Number One Business Protection Specialist.