Business overhead expense insurance is an expense reimbursement policy that covers the fixed monthly overhead expenses required to keep a business running until the return of the insured owner, after a period of disability. This allows business operations to continue until the insured owner either returns to work or makes a decision regarding the future of the business.

Business overhead expense insurance is designed for principals of closely held businesses or practices and owners of small businesses. It is most vital for businesses and practices in which the owner’s ability to generate income makes the difference between the office being open or closed for business—for example, physicians, lawyers, accountants, engineers and others.

Our business overhead expense policy can be maintained until you (or another insured co-owner) reaches age 65. After age 65, the policy is conditionally renewable while you are employed full-time (minimum of 30 hours per week) and responsible for the expenses of maintaining your office or business. Rates and benefit periods are subject to change after age 65. You may continue the policy for the total disability benefit up to age 75. After age 75, your total disability benefit will be reduced by 50%.

Yes. Benefits will not be paid for disability if the disability is due to:

• An act or accident of war, whether declared or undeclared;
• Normal pregnancy or childbirth (however, disabling complications of either of these are covered)