Keyman Insurance & Business Life Insurance Webinar Presentation

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Complete Video Transcript
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and I’ve
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welcome thank you for joining our webinar tonight my name is Ian Lloyd
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and I work for an independent film financed advises
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I specialize in advice to businesses and company directors
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of presenting to die on to areas that we see is commonly students insist
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firstly protecting the key people with annual business
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and then secondly to shareholders within your business as well
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the presentation should last about 10 minutes site
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as I’ve said they two areas festival is to protect the business
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intensive a anything happen in to a particular
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key individual unit this is not sure most you know who those all
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bottle as we go through I’ll give you some art is a
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with not so there isn’t more cover and then also protect individuals intensive
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%uh succession plans for you businesses and step into
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so the key shareholders in the future the first slide that you’ll say
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on the screen I on is just a bit background in a bid to statistics really
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intensive and what the chances of views in the key person
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so in the UK I one in three people to the concert now lives in morning fool
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people die from it
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around 15 min 16 min would often come home disease and someone has a holistic
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in the UK every two minutes
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and stroke every five minutes so that I had sent
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make very good reading opportunities to soothe dry them and highlight the need
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I to consider the stop section what are the chances reznick a person with a new
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business
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between the ages 30 and 60 thought there’s a 30 works one chance
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a solution sandy through Dec the keepers
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71% chance
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I love somebody a key person with a new business being diagnosed with a diff on
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critical illness
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321 chance that somebody within the disc a person again
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%uh would need to play at least woods from any computer fun
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and one of the above which is the
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the figure that we should rejoice this time is that the city to one chance
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the key person within you business between those icy 1365
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suffering from cool climbing on one of the above
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if you look at the risky business
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this solution make a person
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obviously if it can create see
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guided the pressure 90 employees I could cause problems if you got contractual
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obligations that uptick in the key person was Katie to meet a
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the obvious talking to a neighbor possibly drop in profit drop in sales
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it could be growth funds or particular farms that are in prices up person was
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key for have to put on hold a law school together
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the could be lost in customer confidence will call confidence if you thought was
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somebody that’ll be caused out with the new very well
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could affect your credit status with the bank’s
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I could affect equivocation you could see the full you shared by the Fulton
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market share
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%uh could be generous stuff stuff confidence limits
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I’ll and so obviously there’s some I’m sure you got the students
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of the list your business is losing the capers protecting the basis in said some
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other things to consider
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of with the company Savoy
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it one more the directors all the key individuals were no longer around
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would there be any impact on tonight
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the may not be overseeing all the cases we keep people they are responsible for
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certain nights at The Tonight within the business
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how good the company said look without the key personnel without the key person
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being replaced
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next question a as you can see with the company to recruit replacements
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orkut others within the company cover they work
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if somebody needs to be replaced
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what amount to any with the company to reply STOP to this and how quickly
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with the company need the money aren’t
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again have a banged-up meaningful this important when you look at Kate people
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that you would just under the UN business
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who does keep people all on in OC to my office
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is not a goal hates it tell you they are up just to give you a goddamn may be
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identifying who that is all
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sure love you maybe they already said the first thing to do is obviously
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identify them and so the good things that we all look full
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on do they have a trip to effect on the tonight will profits of the business
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I got business contacts that are vital to the company
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Casey they do obviously very strong relationships with
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with 39 contracts and contract is that you do business with
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to carry out to both the cell solutions that might be cool kinda anybody else
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it’s a special as well
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all they find it Golden Knights boats
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would have a bearing the credit right into business with the bank or the
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investors if if they were no longer there
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would you go to last things which you identify the key people
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which you gonna understanding have what it is that you’re looking strong do
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what we then they sit down with you this is why we should help
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is to seek out but what’s the level of cover that you would need
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both in the short term loans /a to protect the business
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against the Los other specifically person
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just look at key people within the business the mixer to vary I just wanna
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cover briefly
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east to go over detective individuals within the business
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so what this is really dating we is with nice businesses that will
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the shareholders okay a
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within the business and this is really looking at what happens
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uses the constable shareholders as far as this is concerned
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so what I tried to do a is is just right circle examples
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on office you recognize that 90’s I hope
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I’m unites I’m if you could stick your example here
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are you a company called equal chance limited like you’ve got so I’m
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too I miss about to join time is she good Georgia billed $1.50 per cent on
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you got to be in June
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150 percent in this particular instance
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terry has died what we’re looking at is what impact is a home business
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so we will then say ace George and Mildred
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still I’m fifty percent to the business June
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would then I’m fifty percent to the business is well maybe
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that Terry was was the ninth involved with the business
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and and the judicial although she s
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Georgia build United okay what’s wrong but we can’t afford to share this week
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alone
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borrow the money to buy those shares
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jean paul Vance I work a few colorful to bother you can’t afford to borrow the
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money
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ok so I realize the body on what subject to some house
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and the issue that had the conclusion from not use the Jews left with Jas
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and maybe no interest in getting involved with the business
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just to get the dividends that because she said the fifty percent shareholder
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George might be willing the company doing all the work
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George my feel the Washington giving property like to June
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which is not really involved in the guys don’t believe the business
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as a fifty percent job show how the June could vote against any through the floor
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when pyrolysis
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bonuses except for she also sell the set to someone else
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however someone else longer prepared to fight valuation that
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you feel that they work for the G two is that they’re worth
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you can also sell shares to competitor on somebody else could then come on
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people who commit to the business
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I’m so Georgian luge a good thing about
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the example is why we have to go equal shares smith said the city
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she has limited you’ve got children build you a 6-percent
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dysentery in June 14 sent to the business he can
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said not to tell you it’s a us as you like see United after the situation
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where
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georgian notice till like to shareholders with sixty percent to the
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business
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and judicial on a shareholder with only 40 percent to the business
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a guy gmail begs the question what chases want to be involved in the
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business so she could to John
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la flotte shares to sell our shares this particular instance
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children those market well before he got a major shareholding in the business so
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we talk to people she s to the conclusion that
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he’s jus left with the shares she got new interesting ebooks with the business
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use to get some divisions
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George could vote against those dividends paid ninety shareholder
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execute on hall two phones I’m schindler
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example again an equal shares limited with the same shareholders Georgian
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buildings
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sixty percent Terry in June forty percent
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but in this instance is Jules posses a lot say no to decipher the business
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she’s my child to the sixty percent of the shares with Terry in june nineteen
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forty percent
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again who she really doesn’t want to be involved in the business section visible
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shares Terry and you know the situation where
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those looking to sell but the business all the time I know how
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the from survivable to be able to buy those shares
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see you again left with a situation where you’ve got a major shall be in the
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business expertise people
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chances wants to be involved Terry engine may not be able to my sisters did
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although she s
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that might mean then that those days left in a situation where she has to
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sell to a competitor
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you cannot see have to tell you jeanne feel about this
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so from our perspective issue which are taught that was so that the issues that
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we’re always
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from or the loss k stuff to the business
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all death is a major shareholder or my shell to construct a system could
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will miss within the business and from my perspective is
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freshener bosses a Salam and officer could view the apt
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in this market what we offer all of our callers
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all are cool to call its is the option to go through a cool
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special contingency coming all the way helps
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to identify some of these me so that these key people
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on shoes throughout the day is going to go take a look at what’s on
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to ensure the business is protected against the Los the ski stuff
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I hope you found it useful any questions you may have
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you know the remodel contact me on the numbers denied
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all policy ok enough text with questions in this presentation
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thank you

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