Business Protection

Shareholder and Partnership Cover

Good Health, Good Business

What is Shareholder and Partnership Cover?

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 Cover 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.

Business protection options

Our business solutions can help give your client reassurance.

Key Person Cover

Gives your clients a payment to help protect their profits if an employee dies or suffers a serious illness.

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Business Loan Protection

Gives your clients a payment to repay business loans if a shareholder or a business partner dies or suffers a serious illness.

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Relevant Life Plan

The cost-effective alternative to Life Cover. A tax-efficient way for your client to give their best people the best benefits.

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Optimiser

With Optimiser, your clients will receive our best available premium - up to 30% lower than our standard premium on fixed-term cover. They can also keep their premiums low through doing healthy things and improving their Vitality status. With Platinum status, they'll see 0% annual increases in premium.

Now, Vitality Select is included on all plans for no extra cost, giving your clients access to a number of discounts and rewards.

When their monthly premium above £45 for single Life plans and above £60 for joint Life plans, they can enjoy Vitality Plus for an extra £4.75 per person per month, giving them access to our extended range of discounts and rewards!

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Where to next?

Additional Options

Enhance your clients' cover with a range of additional options to suit their needs and budgets.

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Trusts and tax

In order for the business and employees to benefit from the tax benefits associated with a Relevant Life Plan, you should put it into a Discretionary Trust.

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Online tools

Explore our wide range of online tools, designed to support your client conversations and help to grow your business.

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Business Protection Literature Library

Find our Business Protection literature.

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