Case study

Professional Adviser
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John, 45, was admitted to hospital last year suffering with chest pains. John runs his own business as a site manager of a quarry, and would like to take out business protection so that the business is catered for should something happen to him. He works with four people - the managing director, chairman and two labourers. The business brings in £250,000 a year, and has been in profit for the past 10 years.

David Brunning, Brunning Newman Houghton John has done the right thing by seeking treatment for his chest pains, which is not always the first course of action. A health scare is often the trigger to realising a company needs business protection, and John is wise to consider it. There are three main areas to explore. First, what is John's understanding of business protection? Does he want to release the value of his shareholding should he die or suffer a critical illness (CI), or does he want the business to receive enough cash to continue trading should he or another key member of staf...

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