In the midst of running your business it is all too easy to overlook performing due diligence on the very asset that keeps all of the above in check, you.
This is where the need for a life assurance business arrangement comes into play and while there are a number of structures that can be enacted, for the purpose of simplicity, Corporate Co-Director Insurance is also referred to as shareholder protection.
In order for any business to ‘keep going’ it needs to ensure that its key people are properly motivated and remunerated for the expertise, value, and insight that they add. But what happens if those key people can’t keep ‘going’? If their stopping has major financial and operational ramifications for the business. If that person became seriously ill or even passed away suddenly, what safeguards do you have in place?
Thankfully, this gap can be bridged to compensate for these unknowns by taking out Keyperson Insurance on those key members of staff that are critical to your business’ success.
Being Widowed. When a spouse passes away their financial dealings need to be organised. In some cases they will have held a number of pensions with various employers over their lifetime. They often have more than one bank account, in a few cases a second home, investments, company shares, life assurance policies, and unfortunately debts that may have accrued, large or small.
In the past week, Irish financial circles have been rocked by the Central Bank of Ireland fining Davy Stockbrokers €4.13 million for breaching market rules in 2014 through a transaction that involved its senior management, many of whom are still in leadership roles there. Within its current website, Davy states that it “is a trusted market leader in wealth management and capital markets, building rewarding relationships that last. At Davy, it’s not just business, it’s personal.”
Receiving a windfall from an inheritance, a legal settlement, a gift, or winnings naturally lends itself to exuberance and disbelief. Likewise, to receive sudden money is rightly a time to express joy and many find it difficult to contain themselves, often sharing their good news with friends and family such …
Ireland’s last census in 2016 by the CSO provided a lot of incite into ‘the Irish abroad’ as the term is often put, particularly our Irish expat’s in Australia. The land down under has been good to our people with many reporting lifestyle and living standard improvements as well as …
This might seem like a rather silly title for any article since nearly everyone would probably subscribe to putting the state of their personal health before that of what money they have. And so it should be. I, too, would agree with health before wealth. But, could it be time for …
Investing, when carried out haphazardly, often leads to luck or loss, but rarely stability. As a new year begins another ripe example from a long list of ‘sure things’ presents itself on the world stage. This month’s hopeful is GameStop, an American video game and electronics retailer, who had up …
At the time of writing (January 2021), unemployment in Ireland stands at 25% of the workforce due in large part to the Covid-19 pandemic. This is a striking figure, one not seen in over 40 years and one that is heavily comprised sadly of redundancies. It could be a case …
When I meet a prospective client one of the first areas to be discussed is what financial products they currently hold. While many people will know that they have a mortgage and its broad details, less will know about what their pension fund and investments are applied to and even fewer …
