Loan Protection

Effective loan protection has several advantages.  It ensures that the business has the funds available to repay company debt in the event of the life assured's death or diagnosis of a critical illness.  This means that:

  • The lender does not call upon any assets it may have a charge over.
  • The business can repay the debt and the value of the business can be passed to the deceased's estate.
  • In the event of a critical illness the debt can be repaid removing the stress of having to return to work early in order to help the business meet loan payments.

If you would like to discuss loan protection suitable for your needs then please get in touch.