Key person life insurance for debtors

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OVERDRAFT BORROWER'S KEY PERSON LIFE INSURANCE

Ensure the key people in your company and ensure company security.

Payment of the sum insured in the amount of the additional overdraft in case of death of the insured person.

Characteristics

	The insured is a micro-enterprise or a sole proprietor who insured a key person in the company.

	Insurance coverage - In the worst-case scenario, the insurance company pays the bank the used part of the additional overdraft, and the excess of the insurance sum is received by the company.

	Access to insurance is possible from 20 to 65 years of age with a declaration of good health.

	The term of the insurance is the same as the term of your additional limit.

	The minimum monthly premium is 10.85 EUR* and depends on the amount of the additional limit. The premium is counted among the company's tax-deductible expenses. * Premium includes 8.5% tax on insurance transactions.