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Business Loan Protection.
What is Business Loan Protection?
The loss of the person(s) who have guaranteed a loan is particularly serious for a business. Business Loan Protection helps your client pay an outstanding overdraft, loan or commercial mortgage, should the guarantor die or become terminally or critically* ill.
How does it work?
Business Loan Protection is life assurance (sometimes life assurance and critical illness cover) written on the life of an individual or individuals. When a valid Business Loan Protection claim is made, a sum equal to the outstanding debt could be paid to either the business or directly to the lender.
* If critical illness cover is chosen as an additional option.
Additional information
Learn more about
Business Loan Protection
See our case study on
Business Loan Protection
This is not a consumer advertisement. It is intended for professional financial advisers and should not be relied upon by private customers or any other persons.
