Salvo Capital is committed to providing dependable risk insurance and advice which consist of the following sections:
Personal Risk Insurance
Salvo Capital follows the industry approved 6 step Financial Planning Process to ensure sufficient capital provision by way of life insurance, disability protection and critical illness benefits and will thus ensure that cash resources are available to timeously settle liabilities, taxes, expenses and other costs without the need for any individuals to sell any assets.
Estate planning is the process of anticipating and arranging for the disposal of an estate during your life and forms an integral part of personal risk insurance. Estate planning typically attempts to eliminate uncertainties over the administration of an estate and maximize the value of the estate by reducing taxes and other expenses.
An up to date will must be kept to ensure that the winding up of the estate is done without any unnecessary delays.
The relevance of a family trust and or business trust must also be taken into account during the estate planning process.
Business Contingency Plan
A very efficient way to ensure business continuity and buy out of a partner’s shares is by means of a risk insurance policy.
The most common business insurance types are:
This refers to an agreement between the members of a business entity, obligating themselves to sell on their deaths or disability their interest to the survivors and likewise obligating the survivors to purchase the deceased member’s interest.
Care must be taken in the structuring of this agreement as certain criteria must be met for the policies not to form part of the deceased member’s estate.
Key person Insurance
This refers to policies taken out by an employer on the life of an employee with the purpose of compensating the business for the loss it will sustain should the employee die or become permanently disabled. The plan guarantees that cash will be available to absorb any disruptions to the business, protect existing credit facilities and provide the necessary funds for the recruitment and training of a replacement.
Salvo Capital is contracted with the following risk insurers
Momentum, Sanlam, Liberty, Old Mutual, PPS, Hollard Life and FMi.