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?

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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Frank Akhavan of Royal BC Finanacial is one the most informed and well educated advisors I have ever met. After graduating from many years of study, I needed advice on whether it was the right time to make investments or buy insurance. Frank actually advised to wait until I had my business going for a while so I wouldn't be stressed by overextending myself. I wondered about life insurance and because I already had a small policy in place Frank advised me that because I was still single that what I had was enough and that I didn't want to become over insured. He made me feel comfortable and informed and less stressed. He is very kind and you dee this in his smile so you feel like he has your best interest at heart. Frank has one of the best reputations in the industry or so I was told by my friends and when you enter his office the proof is before you. He has won the top awards in the industry for like 20 years displayed nicely in his office. You can not dispute that this it gave me great confidance in his knowledge and ability. You have to see it to believe it. Now I refer all my clients with financial and insurance questions to Frank. He is the best.
- Jesai Chantler -