Premium equalisation calculator

This calculator will help you to work out premium equalisation for your clients.

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 insists on this process to approve these premiums as commercial arrangements.

All fields are required. If Critical Illness is included in the policy, a maximum sum assured of £2,000,000.00 applies.

Name Age Sum assured Premium Equalised premium
£ £
£ £
£ £
£ £
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Maximum of 8 partners

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