Joe is 50.  He thinks he is too old for life cover.  His two children are 12 and 16.  He thinks

life cover on him is too expensive.  However, with his younger child likely to be dependant

on him for 10 more years, he and his wife want to make sure that there could be a yearly income if Joe died.   This was much less expensive than they thought it would be.  CGM were able to find

an insurer who offered a competitive premium.   The actual plan worked as the following examples demonstrate:  if Joe died in year 2, the plan would pay out for another 8 years.  If he died in year 7, then the  plan would pay out for another 3 years.  He is therefore less of a risk to the company the longer he lives, and so the premium is lower than a ‘lump sum’.  Please contact us for more information on how this works.

Sean and Peter are in business for the last two years buying and refurbishing houses. 

Their wives are employed elsewhere.  With this in mind, if Sean were to die, his wife’s

preference would be that Peter could own the company outright, and that she would 

instead get the financial value of her dead husband’s 50%.   When we discussed this with

the four of them, we agreed to put life cover in place that would allow this purchase and

sale of shares if they wanted this.