text: Private Company Shareholders Insurance is an arrangement between a Private Trading company and one or more of its shareholders. The Company enters into an agreement with the shareholder to buy back his/her shares from his/her personal representatives on death.
  - The Company effects a life assurance policy on each shareholder covered by such an agreement
  - This provides the necessary funds on death to enable the company to complete the share “buy back”
  - Cost is borne totally by the Company and not by the shareholders personally no BIK for Directors! (see the difference in tax treatment in the information below)
  - On a death the surviving shareholders retain control of the company, as the deceased’s shares are bought back by the company and cancelled
  - The dependants of a deceased shareholder can realise their shares for cash – quickly
  - Certainty of Ownership by remaining Directors
  - Fair and just provision for dependants of deceased Director
  - Peace of Mind!