What is it?

• A policy designed to pay out a cash lump sum on death or diagnosis of a terminal illness.
• Can be used to cover a business loan or the life of a director, partner or key person.
• Decreasing cover is available for loan cover.
• Premiums are guaranteed throughout the policy term.
• Critical Illness Cover is available as an option at an additional cost.
• Split sums assured available if critical illness option is selected.
• If Critical Illness Cover is taken as an option there is a choice between guaranteed and reviewable premiums.
• Other options which can be chosen at outset are waiver of premium benefit and indexation.
• Cover can be increased during the policy term without any further underwriting. Terms and conditions apply.
• The policy lasts for a fixed term.

Limitations and exclusions apply.

Consider if:

• A business would be unable to trade in the event of a key person, partner or director falling terminally or critically* ill or dying.
• Continuation planning is needed – consider Key Person Protection.
• Succession planning needed - consider Partner/Director Share Protection.
• Business Loan Protection is required.

(*If critical illness cover is chosen as an additional option)

Full details Business Term Assurance

Full details Business Decreasing Term Assurance