Business succession planning can be complex

  • Intelligence.svg

    Handover challenges

    Owners are often faced with serious issues surrounding retention of control, share purchase and replacing key persons.

  • Beneficiaries.svg

    A clear vision

    The succession plan needs to include financial solutions to provide the liquidity necessary for liabilities and managing the handover.

  • Keyvisual_trans.svg

    Self-determination

    You want to retain control of your business and avoid a long-lasting fallout or loss in turnover.

Retain control of your business

Planning the future of a business can be a fraught process, precisely because people’s lives are intertwined with the company. When succession doesn’t go according to plan, emotions can be heightened and the fallout long-lasting. And if a handover results in a loss of turnover, needing to replace a keyperson or repayment of liabilities, an owner could lose his ability to retain control of the company. All these issues need to be considered in advance. Swiss Life Generations can help protect the business and the owners’ freedom of choice.

Key features of our solution

Create additional liquidity

With the promise of additional liquidity during succession, you can make decisions about the future of your business with confidence.

Succession planning security

You can select the beneficiaries of the policy with confidence that your wishes will be met. This gives you complete control over your succession plan.

Flexibility & security

You can change the beneficiary at any time during the term of the contract, ensuring your policy always meets your business and personal needs.

An example - Securing the future of a successful business

Michael started a company with his best friend Henry when they finished university. Now in their 30s, they have jointly steered the start-up to a valuation of EUR 15 million as majority shareholders. The founding partners currently hold 66% of shares, with a venture capital fund owning the remaining 34%. With such a small and tightly bound relationship at its core, Michael and Henry started to wonder what would happen to their company if one of them died. As the situation currently stands, a death of one of the founders could significantly impact the ability of the other to retain control of the company. The family of the deceased would own a significant portion of the business and could interfere in its management or even force the sale of their shares.

What happens to the business?

Company_1
Retaining the control of the company

With our high life cover, there is sufficient cash available for the surviving founder to pay out the beneficiaries/heirs of the deceased. If they choose to do so, they would retain full control of the company.

What happens with the insurance policy?

Offering_2
Setting up a policy for each partner

The high life cover provides sufficient liquidity to finance the redemption of shares should one partner pass away. In this instance, the company would be the beneficiary and receive the insurance benefit.

Four steps to create your future legacy

SLG webpage illu-tgray (1)

Tailor your policy to your personal goals

  • Consider your long-term estate planning goals
  • Target your business and family legacy objectives
  • Solve liquidity challenges for a smooth and fair wealth transfer
SLG illu N2

Choose your investment strategy 

  • Appoint your trusted asset manager and custodian
  • Select underlying investments in line with your strategy
  • Adjust your strategy in line with your market outlook
SLG illu N3

Financial & medical underwriting 

  • Choose from world-class clinics and services
  • Take advantage of our exclusive concierge services
  • Absolute confidentiality is guaranteed
SLG webpage illu4 (1)

Adjust policy throughout your life

  • View your policy anytime in ePrivateWealth
  • Access liquidity when needed
  • Adapt sum assured and beneficiary nomination as your needs and circumstances change

Start your legacy plan

Contact us so we can start planning your long-term goals

Projektarbeit

Global Private Wealth

Preparing for the worst - The importance of succession planning to protect the business

Succession planning for businesses is usually associated with retirement. But what happens if a co-founder passes away unexpectedly? All too often, remaining owners are left without the capital, skills and ideas they need to sustain and progress the business, which is why having high life cover in place is essential, even for businesses in their early years.

Read more
Projektarbeit

Global Private Wealth

The superstar effect – How start-up success stories are challenging traditions

Self-determination has allowed some entrepreneurs in the technology industry to go from student to superstar in a matter of years. Their new-found wealth has provided another platform for achieving monumental success, both in business and their own life goals.

Read more
SL_Engineers_PEO_17_SP1A4160_3c

Global Private Wealth

Accelerating the rise of women in wealth management

The Covid-19 pandemic has thrown some of the underlying trends of our societies into sharp relief, and is even seemingly accelerating a few. The move to online retail is perhaps the most obvious, but one that we have been tracking closely for a number of years is the growing number of women among the ultra-wealthy.

Read more