A Relevant Life Plan is a death-in-service benefit taken out by a company on behalf of an employee.
Business Protection
Business protection is all about insuring for the unexpected. It's a way of protecting your business if something goes wrong.
Key person insurance is an important form of business insurance. There is no legal definition for 'key person insurance'. In general, it can be described as an insurance policy taken out by a business to protect that business for potential financial losses that could arise from the death or extended incapacity of an important member of the business specified on the policy.
In the interests of financial security, business stability, and continuity - particularly for private limited companies where there may only be a small number of principal shareholders - it is important to provide a safety net following the loss of a shareholder
One of the great risks of a business partnership is that one of the partners may die or suffer a specified critical illness, with his or her share of the business passing to their beneficiaries. The safety net is a pre-arranged scheme to ensure the surviving partners have enough funds to buy out the departed partner's interest in the business.
UK News
The 10-year gilt yield rises sharply in reaction to reports that an expected Budget income tax rise will not happen.
US investment group RedBird Capital has abandoned its attempt to buy the UK newspaper.
The cyber-attack pushed the carmaker into the red after it was forced to shut down its production lines.
Doug McMillon is handing over the reins of America's largest retailer to John Furner.
Swiss ministers have had "very positive" talks in Washington, but a private business visit to the Oval Office may have made all the difference.