Sally MacLeod

Sally MacLeod

Can you borrow against life insurance or use it as collateral?

Many people are not aware that they can borrow against their life insurance or use it as collateral. This can be a great way to get access to extra cash in an emergency. There are a few things to keep in mind before borrowing against your life insurance, but it

What are the differences between key person insurance and life insurance?

There are two main types of life insurance for business owners: key person insurance and life insurance. Key person insurance is insurance that is taken out on a key employee or owner of the business. The death of this key person would have a significant financial impact on the business,

How does key man insurance compare vs a buy-sell agreement?

Key man insurance is a type of insurance that provides financial protection to a business in the event that a key employee dies or becomes disabled. By contrast, a buy-sell agreement is a contract between business owners that outlines how the business will be sold or transferred if one of

In the UK, can life insurance be an allowable business expense?

In the United Kingdom, businesses are allowed to claim life insurance as a business expense. There are a few benefits to claiming life insurance as a business expense, including the protection of employees, succession planning, and employee retention. In this article: Ife insurance in the UK: an allowable business expense?

Is key man insurance expensive in the UK?

Key man insurance is a type of insurance that is taken out to protect a business in the event that a key employee dies or becomes seriously ill. The cost of key man insurance in the UK can vary depending on a number of factors, but is generally relatively affordable.

How much does income protection cost?

In the UK, income protection typically costs between £9 and £75 per month, depending on individual circumstances Income protection insurance is a vital form of financial protection for many people, but the cost of this coverage can vary widely depending on a number of factors. Some of the most important

When should I get income protection?

Income protection is an important insurance for anyone with a job. It can help you if you lose your job, are sick or injured, and give you peace of mind. If you are the primary breadwinner for your family, or if your income is essential to your lifestyle, then income