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Case study

Our client runs a successful co-working office space business across the UK.

Protect your Life

Challenge

The business founders were both over the age of 50, and with significant private equity backing, key person insurance was required for the business to protect the investors if one of the founders were to become critically ill or lose their life. Sourcing critical illness insurance over 50 is often very expensive, and one of the founders had previous health issues.

Solution:

We worked with a niche insurer that is able to deal with individuals over 50 to insure against health issues and/or death. We were able to bespoke the policy to only cover the period of time the founders expected to remain in the business, before they exit, to bring down the premiums significantly.

Outcome

The founders were able to close their funding round, as a result of meeting the insurance requirements of the private equity backers

Private equity funding

£25m+