Get in touch with us at customerservices@lutine.com
SHAREHOLDER / PARTNERSHIP PROTECTION
Lutine’s Group Shareholder/Partnership Protection cover is designed to help protect businesses against the impact of the death of a Shareholder or Partner. Benefits are paid directly to the business to enable them to purchase the shares/interest from the estate of the deceased, helping to provide reassurance and stability to employees and customers.
We have over 30 years’ experience in providing Life Insurance protection to businesses. Our team of experts are on hand with their empathetic and professional approach to service, in your time of need.
WHAT IS SHAREHOLDER / PARTNERSHIP PROTECTION COVER?
A Shareholder/Partnership protection arrangement enables the surviving owners/partners to purchase the deceased owner’s share/interests in the business from the deceased's estate and ensures that the deceased owner’s dependents have a willing buyer and cash instead of a share in the business.
SHAREHOLDER / PARTNERSHIP PROTECTION
Benefits Available
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Lump sum benefit paid directly to the remaining business owners/partners, which can be used to help purchase the deceased partners, shareholding director, or member’s interest in the business
Scheme size
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3 Lives Minimum, No Maximum
Policy Cease Age
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Up to a maximum of 75 years of age available
Free Cover Limit
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10 lives or less: no free cover limit – all members subject to medical underwriting for full benefit.
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More than 10 lives: free cover limit calculated based on total sum assured/scheme members - Medical Underwriting in this case will only apply above the FCL or for those who do not fulfil the AAW criteria.
Additional Information
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Broker Commission available: up to 30%.
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Target Market: SME’s across a range of specialist sectors including Construction, Leisure, Agriculture and Marine.
A RANGE OF GROUP LIFE PROTECTION POLICIES
Take a look at the range of products offered by our Life Insurance team.
GET IN TOUCH
Here at Lutine we endeavour to reply to all enquiries as quickly as possible; to help us to ensure that your enquiry is routed to the right place, please provide us with as much information as possible.
If you’d like to discuss Group Life Insurance, please call us on 0344 854 2074 or email GroupLifeSupport@lutine.com
Individual Life (Queries) – enquiries@lutine.com
Group Life (New business & Queries) – customerservices@lutine.com
Broker Enquiries – brokersupport@lutine.com
If you need to make a claim:
The Grantee should initially notify either the Financial Adviser through whom the contract was effected, or URIS Group Limited
by telephone on 0344 854 2074,
by email customerservices@lutine.com or
by post at the following address: URIS Group Limited, Premier House, Carolina Court, Doncaster, South Yorkshire, DN4 5RA