Business Disability Products

1. Business Overhead Expense Policy:

• Non-cancelable at guaranteed rates to age 65 (4A, 3A, 2A);


• Guaranteed renewable to age 65, rates can change (A, B);


• Issue ages 18-60;


• Classes 4A, 3A, 2A, A & B; and


• Premiums fully tax deductible to any type of businessowner (benefits taxable less deductible business expenses).


• Optional riders include:

  Partial Rider (All Classes)
  Designed to provide quick, certain benefits with no proof of expenses or proof of loss of gross earnings. Pays 50% of the policy benefit for up to 6 months. Except for pregnancy, no total disability is required to satisfy the waiting period.

  Residual Rider (4A, 3A, 2A)
  Benefits are paid on an income replacement basis that is based on a loss (20% or more) of gross monthly earnings to the business. A minimum of 50% of the policy benefit is paid during the first six months. Except for pregnancy, no total disability is required to satisfy the waiting period.

  Substitute Salary Expense Rider (All Classes)
  Reimburses salary expenses for a person to perform the businessowner's duties when there is a gross monthly earnings loss. Benefits are paid for six months for the lesser of 100% of policy benefits or the actual loss of earnings.

  Guarantee of Physical Insurability Rider (4A, 3A, 2A)
  Issued through age 59. Applicants may add an additional amount of maximum first-month total disability income on the first day of every second policy year. Refer to the Disability Income Marketing Guide (Form 8722) Rev. 3/10, for details on this rider.

  6-Month Benefit Rider
  Pays additional business overhead expenses up to one-half the amount of the base coverage with a six-month benefit.

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