Also known as ‘key man insurance’, this can compensate a business for financial losses arising from the death, or extended incapacity, of a specified employee or director.
This can provide a business partnership with the funds to ‘buy out’ or compensate the deceased’s dependants, should a business partner die.
A Relevant Life Plan is a death-in-service benefit taken out by a company on behalf of an employee.
In the interests of financial security, business stability and continuity, it is essential to provide a safety net following the loss of a shareholder.
UK News
Jack Clark tells BBC's Newsnight AI could get to the point where it develops without human input.
From next week individual investors can take a stake in Musk's rockets-to-AI company.
Despite the Iran war, inflation and debt fears, US markets keep hitting record highs, fueled largely by AI. BBC's Samira Hussain looks into whether that bubble will burst.
It is the third month in a row US jobs figures have beaten expectations.
The charity says it is facing "an exceptionally challenging trading environment".