Protect yourself from losing control of a partnership in the event of a partner being diagnosed with a critical illness
The death of a Partner could cause a business problems such as, dissolving of the Partnership if no agreement is in place, entitling the deceased’s family to their share of the business or having to pay the deceased’s estate their entitlement if there is an agreement in place.
Also, if the business is an LLP and there aren’t any funds to buy the deceased’s interest, then their estate will be entitled to profits on an ongoing basis.
Life insurance or Life with Critical Illness cover can be arranged to provide a solution to these possible problems.
Fill in the form below and we’ll be in touch, usually within 24 hours.