PruProtect launch business life cover calculator

Users will enter the employees’ gender, age and the term over which the business would be at risk, either with each employee’s predicted retirement age or a set term.

The calculator then produces percentage risk, based on ONS Life Tables for England and Wales.

In a given example, with a business employing two men and one woman aged 40 there is a 29.8% chance that one of them could die before they hit 65.

Based on that data, to cover all three employees through PruProtect could cost £55.29 a month for an assured sum of £150,000 each.

Cover would run for a 25 year term until they reach 65.