Partnership Insurance

A properly constructed partnership program will address four major components, Life Insurance, Total & Permanent Disability Insurance, Income Protection and Trauma Insurance. 

This way any partner that suffers a designated event will be remunerated accordingly. If they are unable to return to the partnership, their share holding will be brought normally by the remaining partners in exchange for the insurance proceeds they have received. The costs for this can be paid for by the company, and there would be an FBT liability.