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

One Beasleys Yard, 126 High Street, Uxbridge Middlesex UB8 1JU. Telephone: 01895 253559 | Fax: 01895 238357 | Email: office@altero.co.uk

Altero Financial Services Limited is Authorised and Regulated by the Financial Services Authority.
Altero Financial Services Limited is entered on the FSA register (www.fsa.gov.uk/register/) under reference 490060.
The FSA do not regulate National savings products, loans, Will writing and some forms of mortgage, offshore funds and inheritance tax planning.
The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.