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 £3 million applies for CI without TPD and £2 million if TPD is included.