Did You Know…
that three in ten Americans are expected to experience a long-term disability during their working years1 and that many such disabilities are expected to last not weeks or months, but years?2
As a business owner, you have worked hard to be where you are today. Can you imagine what would happen to your business and your lifestyle if you could not work for a long time? Would you be able to manage financially and continue to take care of your customers, pay your business overhead, taxes, employee salaries, and all the costs of daily living?
The Protector SeriesSM disability insurance is designed to protect what matters most to you and your business.
Individual Disability Income Insurance
The Protector+SM 3 is designed to shield you from financial hardship in the event a long-term disability prevents you from earning your usual income. This is valuable individually-owned protection that provides monthly cash benefits you can use while you are disabled.
Business Overhead Expense Insurance
The Business ProtectorSM is designed for professionals and small business owners. It provides reimbursement for business overhead expenses such as mortgage interest or lease payments, employee wages, utilities and business insurance premiums. Even the salary of someone hired to perform your duties while you are disabled may be covered by this policy.
Business Buy/Sell Insurance
The Business Equity ProtectorSM provides funds for the purchase of your ownership interest by your business partners in the event you are totally disabled. This is important because even with a buy/sell agreement in place, a disability buy-out obligation can hit a business hard if the funds aren’t readily available. This is especially true when the obligation comes at a time when the disabled partner is no longer able to contribute time or energy to the success of the business.
The Business Equity Protector ensures you are paid what you are entitled to under the policy and your business buy/sell agreement, while allowing other owners to carry on with the business of doing business.
Special Benefits for Business Owners
As a business owner you may be eligible for special privileges applicable to each of the products in The Protector Series. Ask about The Business Owner UpgradeSM and The Earned Income EnhancerSM 4.
1 Social Security Administration, Fact Sheet 2007 as quote by The Council for Disability Awareness at www.disabiltiycanhappen.org.
2 2005 Individual Disability Experience Committee of the Society of Actuaries.
3 The ProtectorSM in California.
4 The Business Owner Upgrade and Earned Income Enhancer may not be available under certain circumstances.
