L&G launches IFA business protection valuation tool

The tool recommends levels of cover based on individual shareholdings and allows the adviser to show what the financial impact on a business would be if a shareholder or partner died or was diagnosed with a critical illness. Its launch follows L&G research recalculating the so-called protection gap at £1.1trn, £400bn of which was shareholder or partnership protection. The same study, conducted with the British Chamber of Commerce, also suggested 96% of business owners do not have any shareholder or partnership protection despite 44% admitting their business would be unlikely to surviv...