Protect your loved ones’ future from life’s uncertainties
Protecting your business
Life and health insurance is useful in helping to preserve assets in the face of liabilities resulting from a person's death.
A scenario on how this works is where a business purchases an insurance plan from an insurance company, to cover the guarantor or the business owner.
In an unexpected event such as untimely demise or critical illness, the insurance policy pay-out can potentially help maintain liquidity such that the business need not unnecessarily liquidate its assets for repayment.
High value life insurance can be utilised to facilitate equal distribution of your personal and business assets, ensuring that all beneficiaries are compensated equally. This allows the control of your business to be passed to beneficiaries that are willing to manage and grow the business, continuing your legacy.
The below is an illustration on how insurance can potentially help in inheritance equalisation. Depending on your individual and unique circumstances, the utilisation of the insurance coverage and/or pay-out may differ.
You can enter into a buy-sell agreement funded by life insurance with your prearranged successor, allowing for a smooth ownership transition. By prearranging succession, it allows you to shape the future direction of the business and facilitate business succession and longevity.
The below is an illustration on how insurance can potentially help in your business transfer and succession planning. Depending on your individual and unique circumstances, the utilisation of insurance coverage and/or pay-out may differ.