Director share protection
Director share protection covers a business against the death or critical illness of a shareholding director.
This cover, in the form of a life assurance policy, provides a lump sum that allows a business to buy back shares that have passed to a deceased director's estate so that a potentially controlling stake in the firm is not lost.
How we work
Our advisers will find the right life and/or critical illness policy to cover the business for the cost of purchasing shares owned by a director, taking into account:
- the age of the director
- the size of their shareholding
The policy is written in trust for the other directors so that the funds are made available to the right people when the business needs it.