Business Loan Insurance — Ensuring Debts Are Settled

AN AFFORDABLE SAFEGUARD FOR YOUR COMPANY

If the success of your business is highly dependent on the skills of one or more people — including yourself — you may feel vulnerable to a loss of services in the case of injury or death.

Business loan insurance can make certain that business debts are settled and cash flow is maintained during any necessary transition period and a variety of scenarios.

Consider these questions:

1. Are your lines of credit secured by life insurance? If so, does the insurance protect your interests or the interests of banks?



2. Did you know that bank secured life insurance does not credit to the Capital Dividend Account (CDA)?

In the case of owner-operator/family businesses, business loan insurance can play an important role in freeing surviving members of the burden of debt while making sure personal insurance is used to cover other important needs.

The availability of highly flexible products means you pay only for as much or as little as you need — tying premiums directly to the debt you’d like to cover.