Frequently Asked Questions
How do I value the company shares?
This is best done with the help of your accountant prior to obtaining your quotes.
How do we make this a legal agreement?
You will need to record the fact a board resolution that you are putting shareholder protection insurance in place. We can provide with a full report on how to set it up, including sample legal agreements. We also recommend once ready, that you run it by your solicitor.
Should I include Serious Illness Cover, as well as life cover?
A shareholder becoming seriously ill, could have the same negative impact on the company. Including this cover alongside life insurance, means that the reaming shareholders would have the option of buying out the seriously ill shareholder allowing the remaining shareholders more control.
Does OneQuote.ie offer discount on this plan?
Yes, OneQuote.ie discount cheapest standard market premiums by up to 15%.
Will I have to do a medical?
Dependent on your age and the level of cover, or an existing medical condition, the insurance company may write to your GP for a medical report and in some, but few cases also ask for a medical exam. If such medical information is required, there is no cost to you and you well are informed immediately.
I have an existing medical condition will this affect the price?
It really depends on the condition and its severity and whether you have more than one medical condition. Every application is individual, so we recommend calling us to discuss any such concerns, in advance of running your quote.