
Business Loan Protection
Repay debts when a business owner dies
Business Loan Protection helps cover key people or individuals in a business.
It helps your client’s business pay off any outstanding loans or debts if the life insured becomes terminally ill (life expectancy less than 12 months) or dies.
Critical Illness Cover and Critical Illness Extra can also be added when taking out the policy.
Key documents
Key documents
Tools and calculators
Reasons to recommend Business Loan Protection

Choice of options including level, decreasing or increasing cover

Access to Wellbeing Support included as standard for tailored telephone support from a registered nurse

There are no claims cut-off periods
Key features and benefits
Fast underwriting decisions
80% of underwriting decisions receive an instant decision.
We’ll beat competitors
In some instances, you may be able to use Price Beater to get the best price for your client. Please see our Price Beater guide for more details.
Includes Accidental Death Benefit
Your client is covered while we process their application.
Changing Your Policy option
Allows your client to increase cover on specified events, without further medical questions. Eligibility criteria and restrictions apply.
Waiver of Premium option
For an additional cost, your client won’t have to pay their premium after 26 weeks if the person covered can’t work due to illness or injury.
Protect against inflation
Option to choose increasing cover, which increases in line with the changes in the Retail Price Index.
Support from Umbrella Benefits
Wellbeing Support
Access included as standard. Personalised practical and emotional telephone support from a registered nurse. Provided by RedArc Assured Limited.

Product details
For full details, see key documents for the Policy Summary and Policy Booklet
Cover overview
For full details, download the Product Profiles PDF: 905KB document.
Minimum cover |
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Maximum cover |
For Critical Illness Cover or Critical Illness Extra:
For Whole of Life Protection Plan:
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Type of cover | The following types of cover are available:
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Minimum term |
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Maximum term |
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Minimum age |
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Maximum age |
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Premiums |
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Trusts |
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Death in the first year |
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Benefits and options
Accidental Death Benefit | |
Changing your policy |
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Other changes |
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Critical Illness Cover | Critical Illness Cover or Critical Illness Extra can be added for an additional cost at outset with life insurance policies |
Immediate Cover | On request. Subject to eligibility |
Wellbeing Support |
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Terminal Illness Cover |
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Waiver of Premium |
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