What is Disability Insurance?

There are a lot of people who are counting on you, do you have your most important asset, your income protected? Did you know there are options for a return of premium if you don’t use the benefit?

Insurance providing income to a policyholder who is disabled due to injury or illness and cannot work.

As a Business Owner, I know, you would have to be on your deathbed before you wouldn’t come to work. Take it from someone who has been in the industry for several years, there are many situations where a Business Owner cannot work at their full capacity. What is the solution? Insuring your Income Personally and a Business Overhead Insurance.

How does it work?

• If you pay for the Disability premiums with personal after tax dollars the benefit becomes tax free.
• Add a Premium Refund Rider and depending on the Insurance Company you place the policy with you will either receive up to 50% of the premium back every 8 years, if you haven’t claimed on the Disability policy. Or 100% back at certain times in the contract.

Business Overhead Insurance

• It insures your Corporate Expenses
• The premium can be paid through the Corporation
• At time of claim submit your monthly expenses and the insurance company reimburses you.
• Add a Premium Refund Rider and depending on the Insurance Company you place the policy with you will either receive up to 50% of the premium back every 8 years, if you haven’t claimed on the Disability policy. Or 100% back at certain times in the contract.