What is the maximum age limit to take out business protection insurance?

We have existing shareholder protection arrangements which might need to be extended, what is the maximum age you can take out cover to?

Question asked by Amit Chandok
Compare Top 10 UK Insurers
FREE Independent & Impartial Advice
Type of Cover
Company Name
 
Number of Employees

Answered by Tom Conner

We have access to a wide range of life insurers who each have there own terms with varying limits on the age at which an individual can set-up a policy and a policy can end. These limits vary depending on the whether we are considering life insurance only or life insurance and critical illness cover.

Life insurance only for the purpose of business protection has greater age limits than the limits when including critical illness cover. Many life insurers will allow individuals to take out policies up to the age of 70 with a handful of insurers allowing new plans to be taken out up to age 80.

On the other hand life policies including critical illness cover have substantially lower age limits, entry ages are normally set at a maximum of 60 years while the maximum policy cease age is often limited to 70 years old.

maximum age
 
keyman insurance
 
business protection
 
This information does not constitute financial or other professional advice. You should consult your professional adviser or contact us directly on 02084327333 should you require financial advice. It is important to ensure any insurance policy you take out is suitable for your needs.
Compare Top 10 UK Business Insurers
Need help? 
Call us on 
 -
 Our in-house Experts are here to provide
 FREE impartial advice!

Frequently Asked Employee Benefits Questions

 
I own a company and I’m looking to take out group protection policies for my employees. However,...
 
We are a rapidly expanding business and wanted to know whether we are limited in the amount of key person...
 
My employer is offering to pay for Group Critical Illness Insurance for all employees, but I’ve...
 
I’ve recently changed jobs and my new employer has said they’ll sign me up for the company...
Need Help? Live chat now and get an instant answer from our Experts...

Neil
Pensions

Victoria
Insurance
Our Latest Reviews
Cecilia Walsh
04/12/2017

I would like to say thank you to Ciaran King for his professionalism, respect and sensitivity with dealing with my income protection insurance.

Kevin Spence
05/12/2017

Was extremely impressed with the service we received from Michael. He was so helpful with good advice and saved us money. The policy was set up and running with in a couple of days. Would definitely recommend to friends. Thank you.

Omar Holmes
05/12/2017

Sam Carr was very knowledgeable, efficient, called when he said he would and kept me updated through out the process.

We are rated 4.9/5 based on 1320 independent client reviews.
To read more of our independent client reviews click here →
REVIEWS
EXCELLENT
4.92 / 5 Average
1331 Reviews
P
Overall Rating
Professional, quick and straightforward service from Victoria for the second time in a raw.
O
Overall Rating
Sam Carr was very knowledgable, efficient, called when he said he would and kept me updated through out the process
K
Overall Rating
Was extremely impressed with the service we received from Michael.He was so helpful with good advice and saved us money.The policy was set up and running with in a couple of days.would definitely recommend to friends.Thank you.
A
Overall Rating
I would like to say thank you to Ciaran King for his professionalism, respect and sensitivity with dealing with my income protection insurance.
S
Overall Rating
Ceiron King did an amazing job setting up my insurance. He was meticulous to all details and made sure everything was individually tailor made to suit my circumstances. When I had queries he was able to take on board any issues and find solutions quickly. Pleasant, easy to talk to, engaging, personable chap who effortlessly made me feel that I'd found the right firm. Highly recommended.