The pleasures and privileges of being involved in your own business can be both liberating and empowering. But as the sole proprietor or partner in a business or close corporation, this privilege also comes with a larger responsibility. Will your business survive if you are disabled or impaired in any way, or worse still, if you were to die? What if this should happen to one of your partners?
Liberty’s Lifestyle Protector is designed to be both flexible and comprehensive. It meets your business assurance needs by underpinning buy-and-sell agreements in case of your, or your partner's death or disablement, covering the risk of losing a key person in the organisation, or protecting yourself and your family against the loss of your income that results from a temporary or permanent disability.
Apart from dealing with the ongoing monthly expenses, it is quite possible that with your – or any of your key people – out of action, the business could face financial problems such as reduced sales, inability to process or deliver work, the challenge of replacing invaluable skills and entrepreneurial spirit, or meeting estate duty or tax commitments. If adequate provision is not made to cover these impacts, the business may even be forced to sell irreplaceable assets to cover costs, or even the business itself! It is here that Lifestyle Protector can provide assistance...
There's no time like the present to plan for the future. Click here for more information