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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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Save tax with 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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Effective estate planning for business owners

When you own a business, an effective estate plan can be integral to ensuring that you have control of your assets. Uncertainty in the business world is common. That’s why effective estate planning can be really important to help minimise any risks. What is estate planning? Estate planning at its simplest is planning ahead and […]

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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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Business Owners Life Insurance

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 Ways Smart Business Owners Plan for Retirement

Preparing for retirement is a long-term game. For business owners, this process has a few more challenges. A business owner’s plan for retirement needs to be done completely off your own back as you don’t have an employer to help set you up. This can often mean that business owners aren’t preparing sufficiently for retirement. […]

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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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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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Millennials – do you need life insurance?

It can be hard to decide when the right time to get life insurance is, especially when you’re still young. There are a few articles flying around suggesting that millennials are avoiding life insurance. Is it because they aren’t buying into the idea? Or is it simply because they don’t need it? The truth is, […]

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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 on the business, no matter what size of business. Debts, sales, commercial mortgages, employees and customers all still carry on. Without the business owner, this […]

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