Also known as ‘key man insurance’, this can compensate a business for financial losses arising from the death, or extended incapacity, of a specified employee or director.
This can provide a business partnership with the funds to ‘buy out’ or compensate the deceased’s dependants, should a business partner die.
A Relevant Life Plan is a death-in-service benefit taken out by a company on behalf of an employee.
In the interests of financial security, business stability and continuity, it is essential to provide a safety net following the loss of a shareholder.
UK News
Hundreds of Liberty Steel workers in Rotherham and Sheffield face an uncertain future.
Ex-Twitter staff sued the platform after some 6,000 employees were sacked in 2022.
A rail strike and works are expected this weekend as millions begin their bank holiday getaways.
RMT members will walk out on Saturday and Monday, but Sunday trains could also be cancelled.
The US and EU have released details of the new trade deal reducing tariffs between the two partners.