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Business Protection

Life Cover

Request a callback or phone 0161 2167 595 for a free quote or advice

Protect your business from unexpected shocks

Protect your business from unexpected shocks Business Protection Life Cover pays out a sum of money if an insured shareholder, business partner or Key Person in your business dies or is diagnosed with a terminal illness that has a life expectancy of less than 12 months.

How does Life Cover help?
By providing a lump sum cash payment to your company, Business Protection Life Cover helps maintain a degree of financial stability in the event of something unexpected happening to a key member of your organisation.

What you get

  • Immediate cover from the day you apply

    For no extra cost, your business is protected even while we’re assessing your application.

  • Variable cover amounts for maximum flexibility

    Choose to be protected on a level, indexing or decreasing basis.

  • Guaranteed insurability 

    Lets you increase cover when certain events happen – such as a change in value of a key person or an increase in a partner’s stake - without undergoing new underwriting (having to give us extra information about the health of the person).

  • HIV Cover

    We're the first mainstream insurance company to provide Life Cover for people with HIV.

Business Life Cover

Key facts

  • Minimum time period of insurance - one year
  • Maximum time period of insurance for reviewable premiums (variable price) - 60 years
  • Maximum time period of insurance for guaranteed premiums (fixed price) - 50 years
  • Minimum amount of insurance - £10,000 (subject to minimum premium payment)
  • Maximum amount of insurance - £18,000,000
  • Minimum entry age –17 on next birthday
  • Maximum entry age – 85 on next birthday
  • Maximum expiry age - age 90 exactly
  • Option to select cover to a specific expiry age

Relevant life plan

A Relevant Life Plan benefits your employee, by making them feel more valued. But it also benefits your business as a whole, as they’re likely to be more engaged, take less time off sick and be more productive.

Your Business Protection options

  • cycling along a road

    Relevant Life Cover

    Give your best employees an extra incentive to stay

    Learn more
  • lady shaking hands

    Key Person Cover

    Reduce the financial impact if you lose an employee to illness, disability or death

    Learn more
  • person sitting with umbrella

    Shareholder or Partnership Protection

    Keep your business stable in the event of illness or death

    Learn more
  • two men sitting in office

    Loan Protection

    Protect your company’s financial stability in times of uncertainty

    Learn more

Calculators

two men sitting in office

Is my business at risk?

Our Business Risk Calculator can help you find out.

man and women working together

Calculate your tax savings

See how much you can offset with Relevant Life Policy.

Phone icon Call us on
0161 2167 595

Speak to a VitalityLife business adviser for tailored advice. , ask for a callback and we’ll get in touch at a time to suit you.
Lines open:
8am – 9pm Monday to Thursday
8am – 7pm Friday
9am – 5pm Saturday
Closed – Sunday

Get a callback