DISABILITY BUSINESS LOAN PROTECTION

Business Loan Protection policy has been developed to make funds available to pay outstanding business loans and loan interest when the business owner becomes totally disabled.

The company must be a partnership, sole proprietorship or professional corporation which has been in business for at least three years with a net worth of $50,000. The insured must have at least a 25% ownership interest. Examples of eligible loans include loans for equipment, property and buildings used for the sole purpose of operating a business.

The lump sum plan also covers lines of credit and account overdrafts.

For more information please contact Micheline Varas at 604.687.7773 or email solutions@customplanfinancial.com