If your business has outstanding borrowings such as a loan, commercial mortgage or director loan account then Business Loan Protection could help you.
- What is Business Loan Protection?
Business Loan Protection helps businesses pay an outstanding overdraft, loan or commercial mortgage, should a key person die or be diagnosed with a specified critical illness during the length of the policy. It also pays out for terminal illness if our definition is met, except in the last 12 months of the policy.
- How does Business Loan Protection work?
Business Loan Protection is a life assurance or life assurance and critical illness policy. It can be taken out on the life of a person/s within your business. When a valid business loan protection claim is made a sum is paid to help an outstanding debt.
Why consider Business Loan Protection?
Being unable to repay loans can be a serious problem for a business following the death of a key person. For instance, Director loan accounts should be paid off on death – without business loan protection, where would this money come from?
IT’S GOOD TO TALK
It’s easy to get in touch with a local fife mortgage adviser. Call GO Financial Services now on “01337 830 844” or fill in the online form and I we contact you within 24 hrs.
YOU NEED TO KNOW
We charge a fee for arranging your mortgage. This is payable on application and would typically be £500, however this could be higher or lower, depending on the complexity of your case. Fees are not refundable after you have received your formal mortgage offer. We do not charge fees for arranging Protection or General Insurance.
This site is intended for the use of UK residents only.