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
Staff describe bins overflowing with bottles, people sitting on each other's laps and colleagues sleeping in the office.
Industry regulator Ofgem warns households that they should expect higher energy bills this winter.
The BBC understands an announcement could be made as soon as Thursday after growing pressure on Downing Street.
Ava White was stabbed to death in Liverpool city centre after a Christmas lights switch-on event.
Nazanin Zaghari-Ratcliffe says a UK official told her to sign a false confession before she was freed.