| Credit Protection |
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| Anyone who has taken on a loan from a bank understands what credit is all about. For the convenience of having cash loaned to you upfront, you have to service both principal and interest payments. And to safeguard the bank’s interest, you probably would have asked someone to be a guarantor. The same goes for businesses. Credit facilities that are extended to companies by banks usually require guarantors. |
| What if the guarantor passes on or suffers total permanent disability? At the same time, the business owners and surviving guarantors are unable to meet the loan payments? |
| It is likely that the banks will stop credit facilities to the company. In worse situations, the banks may demand immediate payment of outstanding debts, or make claims against the personal assets of the deceased guarantor. |
| Can you prevent such a situation from happening? We can help you devise a credit protection plan, which is integral to your company’s risk management plan. |
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| Employee Benefits |
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