SlideShare a Scribd company logo
1
Park Worth
Financial Ltd
2
Conor Moen, QFA, CFP®
Passion
My Family
My Passion
3
Park Worth Financial
Specialise in Financial Protection for Your Family and Your Business
Corporate
Shareholder
Protection
Personal
Shareholder
Protection
Partnership
Protection
Key Person
Insurance
"Conor has a particular gift for explaining and
helping us understand the more complicated side of
things!” - McKevitt Architects
4
Todays Agenda
1. Market Statistics
2. Your Business
3. Who will Replace You?
4. Impact on Family
5. Impact on Business
6. Plan of Action
7. Our Solution
5
Protecting What You Have
Worked So Hard To Create
6
YOU INSURE
Protecting Your Family and Your Business
“We have worked with Conor for several years. He has looked after our business
protection, pension needs and life insurance with great efficiency. He shows
great attention to detail and explains the technical aspects and implications in
simple terms. We look forward to working with Conor into the distant future.”
– Pickerings Lifts Limited
7
What are the odds of dying
or becoming seriously ill
before 65 years?
8
4
3
2
1 24% before the age of 35 years
23% before the age of 40 years
22% before the age of 45 years
20% before the age of 50 years
SOLE TRADER
Odds of becoming seriously ill or dying before 65 years
24
%
23
%
22
%
20
%
Source: Society of Actuaries Ireland 2000
9
4
3
2
1 43% before the age of 35 years
42% before the age of 40 years
39% before the age of 45 years
36% before the age of 50 years
TWO PARTNER
Odds of becoming seriously ill or dying before 65 years
43% 42% 39% 36%
Source: Society of Actuaries Ireland 2000
10
4
3
2
1 56% before the age of 35 years
55% before the age of 40 years
53% before the age of 45 years
49% before the age of 50 years
THREE PARTNERS
Odds of becoming seriously ill or dying before 65 years
56% 55% 53% 49%
Source: Society of Actuaries Ireland 2000
11
What happens if you die too
soon? Or if a fellow
shareholder dies too soon?
12
Who Will Take Your Place?
13
Will the Bank call to look for a loan to be repaid?
14
What if your business was sold to a competitor?
15
Planning
16
Who is going to fill their
shoes?
17
Company Valuation Buy/Sell
Agreement
Solution = Value the Business
18
1
2
3
4
Life Policies are
written under Trust
Put in place
Life Cover
Assist with
Buy/Sell Agreement
Work with your
Accountant & Solicitor
Our Process
We keep things simple
19
How Can We Help?
Providing the Finance to Make a Stressful Situation less Stressful
1 Peace of Mind Remaining
shareholders own
the business
2 Deceased
shareholder’s
family have the
cash value of
their share of the
business
3
20
Are You Satisfied You Have
Your Shareholder/Partnership
Agreement in Place? Have You
Agreed on an Exit Strategy?
21
SUMMARY
1. Market Statistics
2. Your Business
3. Who will Replace You?
4. Impact on Family
5. Impact on Business
6. Plan of Action
7. Our Solution
8. Questions?
22
Our Clients
“Conor has worked with Moy Materials for many years now. He looks after
our Co-Directors Insurance ensuring the value of the business and the
cover is in sync. He organises any changes efficiently and makes the whole
process seamless. His attention to detail is very comforting. Conor also
looks after our Company Pension Scheme and has given us extremely
valuable advice over the years. We expect to be working with Conor for
many years to come” – Moy Materials
23

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Park Worth Financial

  • 2. 2 Conor Moen, QFA, CFP® Passion My Family My Passion
  • 3. 3 Park Worth Financial Specialise in Financial Protection for Your Family and Your Business Corporate Shareholder Protection Personal Shareholder Protection Partnership Protection Key Person Insurance "Conor has a particular gift for explaining and helping us understand the more complicated side of things!” - McKevitt Architects
  • 4. 4 Todays Agenda 1. Market Statistics 2. Your Business 3. Who will Replace You? 4. Impact on Family 5. Impact on Business 6. Plan of Action 7. Our Solution
  • 5. 5 Protecting What You Have Worked So Hard To Create
  • 6. 6 YOU INSURE Protecting Your Family and Your Business “We have worked with Conor for several years. He has looked after our business protection, pension needs and life insurance with great efficiency. He shows great attention to detail and explains the technical aspects and implications in simple terms. We look forward to working with Conor into the distant future.” – Pickerings Lifts Limited
  • 7. 7 What are the odds of dying or becoming seriously ill before 65 years?
  • 8. 8 4 3 2 1 24% before the age of 35 years 23% before the age of 40 years 22% before the age of 45 years 20% before the age of 50 years SOLE TRADER Odds of becoming seriously ill or dying before 65 years 24 % 23 % 22 % 20 % Source: Society of Actuaries Ireland 2000
  • 9. 9 4 3 2 1 43% before the age of 35 years 42% before the age of 40 years 39% before the age of 45 years 36% before the age of 50 years TWO PARTNER Odds of becoming seriously ill or dying before 65 years 43% 42% 39% 36% Source: Society of Actuaries Ireland 2000
  • 10. 10 4 3 2 1 56% before the age of 35 years 55% before the age of 40 years 53% before the age of 45 years 49% before the age of 50 years THREE PARTNERS Odds of becoming seriously ill or dying before 65 years 56% 55% 53% 49% Source: Society of Actuaries Ireland 2000
  • 11. 11 What happens if you die too soon? Or if a fellow shareholder dies too soon?
  • 12. 12 Who Will Take Your Place?
  • 13. 13 Will the Bank call to look for a loan to be repaid?
  • 14. 14 What if your business was sold to a competitor?
  • 16. 16 Who is going to fill their shoes?
  • 18. 18 1 2 3 4 Life Policies are written under Trust Put in place Life Cover Assist with Buy/Sell Agreement Work with your Accountant & Solicitor Our Process We keep things simple
  • 19. 19 How Can We Help? Providing the Finance to Make a Stressful Situation less Stressful 1 Peace of Mind Remaining shareholders own the business 2 Deceased shareholder’s family have the cash value of their share of the business 3
  • 20. 20 Are You Satisfied You Have Your Shareholder/Partnership Agreement in Place? Have You Agreed on an Exit Strategy?
  • 21. 21 SUMMARY 1. Market Statistics 2. Your Business 3. Who will Replace You? 4. Impact on Family 5. Impact on Business 6. Plan of Action 7. Our Solution 8. Questions?
  • 22. 22 Our Clients “Conor has worked with Moy Materials for many years now. He looks after our Co-Directors Insurance ensuring the value of the business and the cover is in sync. He organises any changes efficiently and makes the whole process seamless. His attention to detail is very comforting. Conor also looks after our Company Pension Scheme and has given us extremely valuable advice over the years. We expect to be working with Conor for many years to come” – Moy Materials
  • 23. 23