Business Loan Protection

Business Loan Protection Insurance

Life & Disability Coverage for Businesses with a Bank Business Loan

You’ve worked hard to build your business, and you know how vital it is to protect your investment – and the people you care about. That’s why the Business Loan Insurance Plan makes such good sense.

Underwritten by Sun Life Assurance Company of Canada, our plan provides extra financial security to your business by helping to pay off or reduce your business loan if you or a key employee pass away–or if a business owner becomes injured or disabled.

Coverage You Need with Service You Can Trust

Would your business be put at risk if you or a key employee passed away—or if a partner became injured or disabled?

Would you need to use your personal savings or other assets to help pay off your company’s outstanding business loans?

Royale British Columbia Financial Inc. Business Loan Insurance Plan provides the extra financial security your business needs during a difficult time, while also protecting your family and the people who keep your business running.

What Does Our Plan Cover?

Business Loan Insurance Plan offers three types of protection under one cost-effective plan to protect your business:

  • Life Insurance Coverage – Should an owner or key employee pass away, this valuable coverage provides up to $1,000,000—per insured person—to help pay off outstanding loans.
  • Disability Insurance Coverage – If a disability prevents an owner from working, the plan’s optional disability coverage provides up to $7,000 per month towards loan payments.
  • Accidental Dismemberment Coverage – Included with your life insurance at no additional cost, this coverage pays up to $50,000 against outstanding loans if an insured person suffers an accidental dismemberment.

Get a Quote

Are you interested in this product or solution?

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Let's talk! I am here to help with your Insurance and Investment needs.

Faraidoun "Frank" Akhavan

Faraidoun (Frank) Akhavan

Office 205 - 3994 Shelbourne Street
Victoria BC, V8N 3E2

Cell 250-953-2304

Office 250-953-2300

Fax 250-881-7497

Skype faraidoun9

Email Frank Simply fill in the form below and we will get back to you shortly.

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I first met Frank several years ago through an exercise client of mine, who would later become his wife. He then became a client, himself. A while later, I was advised that I had a UPS pension that was coming to term. I told Frank about it, and he suggested that I transfer it out, so that it didn't stagnate until I was eligible to draw upon it. That was over five years ago. Since then, the investment portfolio has averaged an eight-percent return every year. I receive a status report every six months, and am very happy with the return. Frank has done a great job looking out for my interests. He is very knowledgeable, and has answered my questions on multiple occasions. I highly recommend him and his company.

Regarding Lindsay Cooper, the reviewer who gave a one-star rating, I don't think their reaction/comments were fair or appropriate. Cold-calling is one form of generating business for some companies. If it didn't work, no one would be doing it. It's not like they have products on a shelf at Walmart. Believe it or not, some people actually appreciate it, because they may have been wanting to invest, but didn't know where to start. Additionally, financial planning must be a worthwhile endeavor, considering Frank's been in the industry for over two decades.

Also, it is up to the individual to confirm what their call display says, not just assume. It is not a scam to have a name that is similar to another company. You just have to actually read it.
- Marc Noel -