Vita - Life Insurance, Critical Illness and Income Protection

As the policy is taken out by the business, the proceeds are paid to the business. From here, you will decide what to use the money for and which individuals or financial institutions should benefit.

You can assign the policy to the lender, in which case the proceeds will be paid directly to them.

Yes. The insurer will set up a Direct Debit to collect monthly or annual premiums from your business bank account.

You are far more likely to suffer a serious illness than you are to pass away. This is why most lenders will insist that you don't just cover yourself with Life Cover. Depending on the illness/condition (e.g. heart attack, cancer, stroke etc.) you may be unable to work and therefore this may hinder your ability to service any debts.

Critical Illness Cover helps ensure that you can repay any debts and avoid unnecessary stress/worry at what will already be a very difficult time.

In the event that you clear a chunk off or borrow more, it's worth letting us know so we can review your policy to ensure that you have the appropriate cover in place. You can cancel your Life Cover at any point, without any fees or penalties.

Not always. The majority of lenders will insist that you put the appropriate protection in place to cover their exposure to the debt. More importantly, Business Loan Protection can help protect the future of your business.

The cost of Business Loan Protection will vary depending on your age, your health, your job, the amount of cover you want and maybe even your hobbies. This is why price comparison site quotes are often meaningless as they won't account for your specific individual circumstances.

We will provide you with accurate premiums from the outset. Nobody likes to see a price and then be told it's not available to them.

The policy you buy is there to protect your business - not anyone else's - so it's worth finding a policy that will exactly suit your needs.

Yes. Although it is worth considering that should you need to re-apply for cover at a later date, the same cover is likely to cost more as you will be older. Also, insurers will reassess your Health & Lifestyle at the time, which means you could be charged more if your health has deteriorated, or worst case - may not be able to get any cover at all.

The insurer won't charge you any cancellation fees and, unlike some competitors, we won't charge you any fees either.