Protection Brochure - New Ireland Assurance
Protection Brochure - New Ireland Assurance
Protection Brochure - New Ireland Assurance
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Your Business & Asset <strong>Protection</strong><br />
Life Choice Assets is for individuals who want to ensure their business or<br />
investment property will provide their family with financial security in the event<br />
of death or serious illness.<br />
Business partnerships<br />
We have helped many business owners put plans in place that provide formal<br />
clarity of what will happen in the event of their death or the death of their<br />
business partners.<br />
Typically these arrangements have two parts<br />
• You and your partners agree that on the death of one, the surviving<br />
partners have the right to buy out the deceased partner’s share from<br />
the next of kin<br />
• You arrange life cover so that the money needed to buy the shares will<br />
be available<br />
Partners benefit in the following ways<br />
• All partners know their families will be looked after in the event of<br />
their death<br />
• All partners also know that they will be able to maintain control of the<br />
business in the event of death of another partner<br />
Life Choice Assets can<br />
• Provide the funds needed to buy out a partner’s share of the business<br />
• Ensure your family receives a fair price<br />
• Ensure your business partner retains ownership and control<br />
• Avoid the need for personal loans to be taken out<br />
• Provide a formal plan of what should happen<br />
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