Business Loan Protection

Business Loan Protection
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 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. It can also pay out on a diagnosis of terminal illness if the definition is met.

How does Business Loan Protection work?
Business Loan Protection is a life assurance policy or a life assurance and critical illness cover policy. It can be taken out on the life of a person within your business. When a valid business loan protection claim is made a sum is paid to help repay 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?

Straightforward Financial Advice ....

Lighthouse Financial Advice provides financial advice and planning, in plain English, to people who want to ensure they make the right financial decisions at the right time and at the right cost. It's simple!

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Call us on 016973 25852 or 07946 438807

Email  richard.cakans@lighthousefa.co.uk 

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Lighthouse Financial Advice is a trading style of Lighthouse Financial Advice Limited, an appointed representative of Lighthouse Advisory Services Limited which is authorised and regulated by the Financial Conduct Authority.

Lighthouse Advisory Services Limited is a wholly owned subsidiary of Lighthouse Group plc

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