Shareholder / Partnership Protection

Lutine’s Group Shareholder/Partnership Protection cover is designed to help protect businesses against the impact of the death of a Shareholder or Partner. Benefits are paid directly to the business to enable them to purchase the shares/interest from the estate of the deceased, helping to provide reassurance and stability to employees and customers.

We have over 30 years’ experience in providing Life Insurance protection to businesses. Our team of experts are on hand with their empathetic and professional approach to service, in your time of need.

What is Shareholder / Partnership protection cover?

A Shareholder/Partnership protection arrangement enables the surviving owners/partners to purchase the deceased owner’s share/interests in the business from the deceased's estate and ensures that the deceased owner’s dependents have a willing buyer and cash instead of a share in the business.

Shareholder / Partnership Protection

Benefits Available

Lump sum benefit paid directly to the remaining business owners/partners, which can be used to help purchase the deceased partners, shareholding director, or member’s interest in the business

Scheme size

3 Lives Minimum, No Maximum

Policy Cease Age

Up to a maximum of 75 years of age available

Free Cover Limit

10 lives or less: no free cover limit – all members subject to medical underwriting for full benefit.
More than 10 lives: free cover limit calculated based on total sum assured/scheme members - Medical Underwriting in this case will only apply above the FCL or for those who do not fulfil the AAW criteria.

Shareholders sat around a boardroom table having a meeting.

Additional Information

Broker Commission available: up to 30%
Target Market: SME’s across a range of specialist sectors including Construction, Leisure, Agriculture and Marine

Contact Us

Here at Lutine we endeavour to reply to all enquiries as quickly as possible; to help us to ensure that your enquiry is routed to the right place, please provide us with as much information as possible.

If you’d like to discuss Shareholder/Protection Insurance, please call us on 0344 854 2074 or email customerservices@lutine.com

If you need to make a claim:

The Grantee should initially notify either the Financial Adviser through whom the contract was effected, or Geo Underwriting Services Limited

by telephone on 0344 854 2074,

by email customerservices@lutine.com or

by post at the following address: Geo Underwriting Services Limited, Ardonagh, 6-8 Bonhill Street, London, EC2A 4BX

Important Resources

If you’re interested in applying this employee benefit, please complete our application form

Group Life Application Form

Download our Members Declaration form here

Group Life Member Declaration

Please complete this questionnaire as part of your application

Business Covers Questionnaire

A range of Group Life protection policies

Take a look at the range of products offered by our Life Insurance team.

Group Life Insurance

View products

For employers wishing to help protect their employee's loved ones in the event of their death.

Shareholder / Partnership Protection

View products

Group Shareholder/Partnership Protection cover designed to help protect businesses against the impact of the death of a Shareholder or Partner.

Key Person Cover

View products

Protection to help businesses against the impact of the death of their most integral employees.