Questions That Company Directors Always Ask Me
It’s completely normal to have questions when it comes to protection policies like Relevant Life Cover or Executive Income Protection.
For many directors, these types of policies can initially feel complex or full of jargon, but that’s exactly why Talk To O’Malley Financial Services exists.
Over the years, I’ve helped company directors from all kinds of businesses understand their options clearly, avoid common pitfalls, and put the right protection in place with confidence.
Below, you’ll find answers to some of the most common questions company directors ask me on a daily basis.
How is a Relevant Life Policy more tax efficient than a personal policy?
What happens to my insurance policy if my business stops trading?
Could I take out a personal and Relevant Life policy at the same time?
How does writing a policy into trust protect against inheritance tax?
What are the limits on how much cover I can take out as a company director?
Does Relevant Life Cover affect my personal tax position or dividends?
What happens to my policy if I change companies or set up a new business?
Is Relevant Life suitable for me if I have multiple business partners or directors?
What are the mistakes a director can make when setting up Life Insurance?
How does Relevant Life Cover compare to Group Life Insurance for small businesses?
How do you calculate how much Key Person Cover a business actually needs?
What happens to my Key Person Policy if that person leaves my business?
Can Key Person Cover be used to protect Business Loans, Investments or Contracts?
How does a Key Person Insurance Policy payout affect my Corporation Tax?
Who legally owns a Key Person Policy? The business or the individual?
How do lenders and investors view Key Person Cover when assessing business risk?
What is the difference between Key Person Cover and Shareholder protection?
How often should business owners review their policies as their company grows?
At what stage in business growth do Protection Policies become essential?
How do Protection Policies fit into wider business continuity and succession planning?
What are the real world consequences of not having Business Protection in place?
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Talk to O'Malley Financial Services is a Trading Style of Commercial Connect Limited FCA Number 1021324 who are an Appointed Representative of Mortgage Connect (N.I) Ltd who authorised and regulated by the Financial Conduct Authority. FCA Number 915845, Registered in Northern Ireland no: NI637316. Registered address: Unit 10 Galgorm Court, Galgorm, Ballymena, Co. Antrim, BT42 1HW.
