Bright Grey, the protection specialist arm of Royal London Group, has launched its bespoke menu-based business protection proposition for businesses. The proposition offers cover for key person, loan protection and ownership protection.
The proposition ensures that businesses are protected against the financial problems associated with the loss of one of their key people or one of the owners through death, critical illness or temporary disability.
It also includes Key Person Income Cover for Sickness, which is designed for the employer to protect themselves from the loss or profit they would suffer if a key person.
The Bright Grey Business Protection Menu offers a flexible menu with a range of covers allowing customers to mix and match to suit business needs, combining up to 10 covers within one plan.
With the launch of its business protection proposition, Bright Grey has taken the opportunity to review its financial underwriting and make significant enhancements by introducing highly competitive underwriting limits of £1 million for Life and £350,000 for Critical Illness to speed up the underwriting process.
Due to its success in the personal market, Bright Grey’s business protection includes its unique Helping Hand service at no extra cost to plan owners. The service, which has been specifically tailored for businesses, offers practical and emotional support to clients and their families. In addition to the support from qualified nurses through RED ARC, the service also includes recruitment support and legal advice from Working Transitions
Life insurance: News update: February 2008