Business Owners
The policy covers certain of the business’ expenses while the insured owner is disabled
The elimination period is 30-90 days, but benefits may be retroactive
Benefit periods are 12-24 months
Low cost to pay business expenses during owner’s disability
Coverage is available in addition to the insured owner’s disability income coverage
The insured owner’s salary, noncash expenses, new purchases, and perhaps unusual expenses are excluded expenses
The premiums are deductible and benefits are taxable as income