Business Loans – Life Assurance coverage (including BBLs & CBILS loans)
If you’re a director of a business that has taken advantage of a Covid related Government Bounce Back or CBILS loan, don’t forget to consider life assurance protection.
Should the worst happen to a key director/major shareholder the remaining directors/shareholders can avoid being left with a major loan undertaking without the key person being around.
Premiums are generally very affordable given the life policies would be limited to the length of any loan – say 5-6 years. Premiums are an allowable expense corporation-tax wise.
Speak to Rowlands & Hames for a quotation via the following button: