Two business owner directors (50:50 owners). Both male mid 40's - married with young children
1. Company Directors Life insurance on both for €250k each
Cost - c€55/mth - paid by company.
2. 'Keyman Serious Illness cover for €75,000 on each.
Cost - c€75/mth - paid for by the company.
3. Pension Term Life assurance as 'Family protection' on both for €500k to age 60.
Cost €65/mth for each, paid by company as a trading expense (12.5% corpo tax relief) but no BIK paid by directors.
4. Income protection (PHI) on each director for €36,000 (€3,000/mth) payable after 26 weeks deferred period, to age 60.
Cost €66/mth for each, paid by company as a trading expense (12.5% corpo tax relief) but no BIK paid by directors
Will review all in 3 to 5 years depending on how business is going