Inspiring Business by Sharing Success
Added by Love Business East Midlands | 8 December 2012
UPDATED: 8 February 2013
On death, the remaining shareholders then have the money to buy the deceased’s shares from his estate.
In the event of ill health the shareholder may wish to retire from the business, so the policy gives the remaining shareholders the money to buy his shares from him.
Therefore, this type of insurance is only required for companies with two shareholders or more.
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