Discover Your Financial Protection Gaps

51-60 (Pre-Retirement & Wealth Preservation)

Question 3: Do you currently own a business or shareholdings in a private company?

Dependents are adults/tertiary education age

Yes, significant personal/business liabilities

Automatically goes to my spouse/family (who may not know how to run it)

We have a legally binding Buy-Sell Agreement funded by insurance

My business partners would buy me out, but there is no written agreement or funding

Yes, we have key person dependencies but no Keyman Insurance

Yes, but we have Keyman Protection structures in place

Yes, covers more than 3 years of my current income

Yes, but it covers less than 1 year of my income

No, I only have a medical card for hospital bills

Matches less than 5 times my annual income

Yes, written/updated within the last 3 years

Yes, but it is outdated (major life/asset changes since writing)

A professional corporate trustee/executor

Yes, and I have set up an active Discretionary Trust to provide immediate cash flow