Premium Equalisation

If equal shares are held among four partners in a business, you may expect them to pay 25% of the total premium costs each. But if one partner is older, or has pre-existing conditions, this may not be the fairest way of dividing the expense. HM Revenue & Customs also insist on this process to approve these premiums as commercial arrangements. This calculator will help you to work out premium equalisation for your clients:.

Name Age Share Sum Assured Premium Equalised Premium  
%
£
£
£ --.--
%
£
£
£ --.--
%
£
£
£ --.--
 

WM54034 08/2009

 

For Adviser use only. This information has not been approved for use with customers.