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Life insurance for contractors

Working as a contractor, it can be difficult to obtain life insurance without paying out of your own pocket. However, life insurance for contractors is a necessary replacement for a death in service benefit you’d get through a company. If you work as a contractor, life insurance can be essential to help protect your family […]

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Life insurance for small businesses

How a small business can benefit from life insurance Taking on a new business can be tough work, but through hard work and determination, the successes of a business can feel a lot greater. There are plenty of financial concerns a small business can have, as well as meeting the needs of employees and securing […]

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What is a cross option agreement and does my business need one?

When business owners enter into a company protection policy such as a shareholder or partnership protection policy, a cross option agreement can come into play. Also known as a double option agreement (or single option agreement in the case of critical illness cover) this type of agreement can help guarantee the transaction between the life […]

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The tax treatment of a relevant life policy

Relevant Life policy tax treatment Relevant life policy tax is a much-discussed topic in the insurance industry. Particularly, because it can help businesses save money on their life insurance. If you’re still unclear about how it works or whether a relevant life policy is right for you, then this overview may help to make things […]

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Employee Significant Illness Cover with Relevant Life

Relevant life Insurance with employee significant illness cover Aviva first launched a relevant life insurance and critical illness cover product in 2016 for customers. Their aim was to provide tax-efficient life cover with critical illness cover that enabled business employees and directors to save money. However, due to confusion around the tax and legal implications, […]

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Life Insurance for Business Partners

When you run a partnership, losing a business owner can make a big impact on the day-to-day operations of the business. In partnerships, running a business without a key member of the team can result in financial difficulty. Not only is losing a partner often a personal loss, the partnership itself loses a key asset. […]

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5 Questions to ask when getting business life insurance

Business life insurance helps to protect you, your business and your family in the event of a death. Whether it’s a key member of your business or a business owner, having protection can help lessen the blow financially during an already difficult time. The main thing to think about is what would happen to your […]

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What is key employee insurance?

Key employee insurance is a life insurance policy suitable for all sizes of business including sole traders. It ensures that any key members of the team that are crucial to the success of the business have life insurance. Unlike a personal life insurance policy, key employee insurance pays the money back into the business to […]

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What happens when a business owner dies?

When you start up a business, it’s important to have a succession plan in place. This is because if the business owner dies, it can cause a big financial impact, whatever size of business. Debts, sales, commercial mortgages, employees and customers all still carry on. Without the business owner, this may not always be possible. […]

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Aviva Relevant Life and Critical Illness Policy

Relevant Life Cover with Significant Illness Cover for Employees In the past, relevant life policies only included a death benefit and terminal illness. Aviva brought about a considerable market change with the launch of a relevant life and critical illness policy. This caused disruption amongst insurance providers and many discussions regarding its legitimacy. Regardless, Aviva’s […]

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