Business Debt Protection
Loans that business owners take out may include a personal guarantee.
Business owners should be aware that on their death the personal guarantees will remain in force and transfer to their estate.
Business Debt insurance is designed to provide the business with funds to repay or reduce the business debts in the event of the business owners death or disablement. A properly structured debt protection strategy can provide an estate with funds which can be used to pay the loan and thus releasing the personal guarantee.
Advised Life (in conjunction with our legal advisers Andreyev Lawyers) can assist business owners in structuring a Business Debt Insurance Solution.
If you don’t have Business Debt Insurance and are concerned about protecting your family please contact us.