Key Person Protection (Profit Protection)
Key Person Protection is a business insuring itself against the financial loss it would suffer if a key person in their business died or were diagnosed with a specified critical illness if chosen, during the length of the policy.
Business Loan Protection
Business Loan Protection can help businesses pay an outstanding overdraft, loan or commercial mortgage, should a key person die or be diagnosed with a specified critical illness (if chosen) during the length of the policy.
Commercial mortgages are not regulated by the Financial Conduct Authority.
Share Protection allows the remaining partners, shareholding directors or members to remain in control of the business following the death of a business owner.
Relevant Life Plan
A Relevant Life Plan is a term assurance plan available to employers to provide an individual death in service benefit for an employee. It’s designed to pay a lump sum if the person covered dies or is diagnosed with a terminal illness, whilst employed during the term.