The premature death, or incapacity as a result of serious illness, of a shareholder in a private limited company can present serious financial issues in the absence of available funds. For the family of the deceased, value for the shareholding held may be sought. For the surviving shareholders, lack of funds may result in a dilution or total loss of control of the business.
Corporate Co-Shareholder cover provides the capital required to meet the requirements, defined in advance, of all the parties effected by an untimely death or critical illness. Insight Private Clients has extensive experience of structuring a customised plan and is seasoned in dealing with legal and tax advisors to ensure all policy proceeds are payable to the designated parties and tax efficiently.