Insurance solutions can serve as an integral part in the planning, protection and transfer of your business. Insurance solutions for wealth protection help to ensure the viability and continuity of your business and allows you to focus on managing your business. It can also serve as a solution that will best suit your business wealth protection requirements.
Insurance for entrepreneurs
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Insurance as a key business solution
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Fulfilling business wealth protection requirements
Click on each business wealth protection requirements to find out how insurance solutions can help you.
Business loan protection
Inheritance equalisation
Business transfer and succession planning
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.
How it works
Without insurance
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.
How it works
Payout due to claim
On Death / Total Permanent Disability / Critical Illness of Business Owner A
On retirement of business owner A
