For example, if a business partner were to die, it’s likely that their shares would be left to their spouse or another surviving family member, potentially giving that person a controlling share of the business. This could mean that the surviving business partners and shareholders have to raise the funds to buy that person out of the business, which could be exceptionally difficult and put the financial security of the company at risk.
A Directors Share Protection Policy is designed to provide cover for shareholders and business partners so that, in the event that one of them dies, the policy will make sure that funds are available to purchase the share of the company which has been left to the deceased directors spouse or family.
To find out more about how Directors Share Protection and how simple it is to put in place, why not contact us for an informal chat today.
For insurance business we offer products from a choice of insurers.
You may have to pay an early repayment charge to your existing lender if you remortgage.
There is no guarantee that it will be possible to arrange continuous letting of the property, nor that rental income will be sufficient to meet the cost of the mortgage.
Your home may be repossessed if you do not keep up repayments on your mortgage.
A fee of up to 1% of the mortgage amount may be charged depending on individual circumstances. A typical fee is £495.
Monica Bradley Associates Limited is an appointed representative of Mortgage Advice Bureau Limited
and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority.
Monica Bradley Associates Limited. Registered Office: Carlton Chambers, 16a The Broadway, Cheam, Surrey, SM3 8AY
Registered in England Number: 08857932