Corporate loan debt Protection
Being unable to repay loans can have a serious impact on a business following the death of a key person. For instance, a Directors loan accounts should be repaid off on death.
Business loan Protection helps pays off outstanding overdraft, loan and mortgage should a covered person die or be diagnosed with a critical illness during the length of the policy. Thereby saving a business and the business owners personal wealth, especially if they have provided the lender with a personal guarantee supported by their home.