Sometimes known as a “Company Will”, a Director Share Purchase Protection (DSP) scheme is a means by which all parties involved in the running and ownership of a private limited company (ltd) can ensure that the correct course of action is taken in the event of the death of a shareholding Director.
This article is an introduction to Trusts and how they can be used in financial planning to achieve your money and wealth goals not only as a tax planning tool but also to protect your existing wealth.
Term assurance is the most basic form of life assurance. As the name suggests, the policy runs for a fixed term.
There is no investment element to a term assurance policy – it is pure insurance – unless you make a death claim then the policy ends at the end of the term and you get nothing back.