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Business Loan Insurance

Business Loan Protection is designed to help a business pay any outstanding borrowings such as loans. Overdrafts or a commercial mortgage, should the person covered die or become diagnosed with a critical illness.

The policy premiums are pairs for by the business. It is set up to reflect the terms of borrowing and can be either on a level term or decreasing term plan.

Being unable to repay loans can be a serious problem for a business following the death of a key person.

Case Study

The case study below illustrates some practical advantages by having relevant life cover and the potential tax savings:

Clean Ltd is a dry-cleaning business in Thame
The managing director George plans to extend his business by opening a shoe repair shop next door.
In order to achieve this George needs to borrow £100,000 from a bank.

As part of the loan agreement he signs a guaranteed using the family home as security.
ABC Bank gives George £100,000 and if he suddenly dies the life assurance proceeds of £100,000 are given back to ABC Bank and the loan is then paid off.

Read more....


You can choose how Bright Money Independent Ltd are paid for mortgages; typically we do not charge however, you can pay a fee, usually 1% of the loan amount,
in cases that more work is required we may agree a fee upfront before any work is undertaken.
For Equity Release we are typically paid by the lender, however we offer a fee only service which is 1.5% of the loan amount.
Trading Address - 5a Cornmarket, Thame, Oxfordshire, OX9 3DX
For protection insurance we offer products from a limited panel of providers
For buildings and contents insurance and accident sickness & unemployment insurance we offer products from a selected panel of providers.
Registered Address - Coleridge House, 5-7A Park Street, Slough, SL1 1PE | Registered in England No 07801150