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Following the death of a major shareholder or business partner, this cover ensures the remaining partners or shareholders maintain complete control of the business. In the event a of shareholder or shared owner being diagnosed with a critical illness or having passed away a lumb sum will be paid out, which will give the remaining shareholders the ability to purchase the remaining shares of the business as a result shareholders can prevent someone else inheriting or purchasing the shares left behide. Talk to us today to make sure you have the relevant cross option agreements in place.
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Shareholder Insurance Stats
Legal and general study shows that over 70% of those surveyed had four key people or less within the business
Shareholder Insurance Stats
Met life in 2012 revealed that 21% of people have suffered long term ill health during their working life.
Legal & General Study
38% of business owners expected their business to fold within 18months of the death or critical illness of a key person.
Shareholder Insurance Stats
58% of businesses had no form of agreement in place in the event of the death or critical illness of a business owner.
Active Brokers Limited is Authorised and Regulated by the Financial Conduct Authority and is entered on the Financial Services Register
(http://www.fsa.gov.uk/register/home.do) under reference 488342.
Company Address: 1 Buckingham Court, Dairy Road, Chelmsford, Essex CM2 6XW.
Registered Address: 4 Capricorn Centre, Cranes Farm Road, Basildon, SS14 3JJ. Registered in England & Wales under company no: 06539910.
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