Business Loan Protection
What is Business Loan Protection?
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 written on the life of an individual or individuals and in the event of death during the policy term, a lump sum will be paid out to pay off the loan.
* If critical illness cover is chosen as an additional option.
