Debt protection insurance is designed to fund business debt re-payment
Debt protection insurance covers you where there could be a requirement to repay debt triggered upon either; total long term disability, total and permanent disability, terminal illness or death of any employee, owner or sole trader.
What Does debt protection Insurance Cover?
In the event of either total long term disability, total and permanent disability, terminal illness or death of any employee, owner or sole trader, this cover provides a lump sum to repay business debt.
Who Is It For?
For any business that is carrying debt.
Why Take Out debt protection Insurance?
If something happens to an employee, owner or sole trader, and that event triggers a need to repay business debt, this insurance provides the cover required.
General Benefits
No need to raise funds
In the case of either total long term disability, total and permanent disability, terminal illness or death of any employee, owner or sole trader, this cover provides a lump sum to repay business debt.
debt protection can be converted into life insurance
If required, then this cover can be converted into life cover without the need for further medical assessment.