Can you get Critical Illness Cover for Business Owners?

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Home » Frequently Asked Questions » Can you get Critical Illness Cover for Business Owners?

Answer:

In general many business owners would probably see the highest benefit of arranging a Critical Illness policy the same way that anyone else would, as an individual. There is a specialist Critical Illness policy for business owners available within the UK, but we would suggest that you speak with an adviser who can fully explain the differences between an individual and business critical illness policy. There is the potential of the company arranging a Group Critical Illness policy, that pays a tax-free lump sum benefit to an employee if they are diagnosed with one of the claimable conditions on the policy. A Group Critical Illness policy is a P11D benefit, so the premiums are taxable.

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Can you get Critical Illness Cover for Business Owners?

"Alan and his team were great! Alan helped get me cover where my own company could not (I work in financial services too!) Would highly recommend and will come back in the future."

"Krystle was fantastic throughout and managed to knock almost 50% off my current life insurance premium."

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