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Share purchase protection
What is share purchase protection?If the co-owner of a business dies or becomes seriously ill, share purchase protection gives the remaining shareholders in the business the option of buying their shares and therefore keeping control of the business.
- Can be arranged for all types of companies
- Choose the type of policy and the term of the cover
- Life cover and critical illness protection available
- Flexibility in the level of benefit
Share purchase protection may be suitable if...
- You want to protect against the possibility of you or the co-owner of your business dying or becoming seriously ill
- You want the remaining shareholders in the business to have the option of buying the shares and therefore keeping control of the business
- You want the cover to be arranged to meet the individual needs of all types of companies
- You want to choose both the type of policy, with life cover and critical illness protection available, and also the term of the cover
- You want to make sure that you'll have the financial power to prevent unwelcome shareholders becoming involved in the running of your company
See more about how our Share purchase protection options could help you.
Share purchase protection may not be suitable if...
- You want to receive a cash sum to buy a partners interest
- You want to cover a business loan
- You want protection with no end date
- You want to be able to cash-in the policy at any time
- You want an investment-linked element within the term that pays out at the end of the term
If you don't already have one, you can use our 'Find an IFA service to search for an adviser near you.
How to apply
Find out how to apply for our products and where you can find out more about the choices available to you.
Next steps
If you would like more information you should talk to a financial adviser.