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
After a low in cases at the end of June, the ONS estimated infections had been rising slightly in July.
Beachgoers are urged to avoid busy beaches, as forecasters predict one of the UK's hottest days ever.
Chancellor warns there is "always the risk" holidays may be disrupted, as virus cases climb in France.
Keeley Bunker, who was celebrating her 20th birthday, "trusted" Wesley Streete to walk her home.
Eric Joyce had a video clip on a device showing the "sexual abuse of young children", a court hears.