Debt Protection

Policy Purpose
Debt Protection cover provides funds upon death or permanent disability to either eliminate, reduce or service existing debt.

Why You Need It
The death or total disablement of a shareholder may actually accelerate the debt repayment needs of the lender, make future lines of credit more difficult to obtain or even delay the issue of probate if there are outstanding personal guarantees. If the business is forced into a ‘fire sale’ situation there may be lower sale proceeds for surviving parties.

Upon death or permanent disability the policy will provide funds that can reduce or eliminate this risk thereby enabling the remaining shareholder(s) to focus on the business.

The Next Step
Having made the important decision that you need some insurance, contact us today and take the next vital step to protect yourself and your business.