Individual Disability Insurance
A percentage of your income will be paid to you if you become too sick or hurt to work. Generally, the benefits from an individual disability insurance policy are paid to you tax-free. Anyone who depends on their income to pay their bills should consider disability insurance protection.
Business Disability Insurance and Business Overhead Expense (BOE)
Disability insurance can be used to provide a very meaningful benefit to employees of a business. It can also be used to keep a business running in the event of an owner’s disability.
Business Overhead Expense (BOE) helps with regular overhead expenses that a business incurs on a daily, weekly or monthly basis – employee’s payroll, rent, utilities, leases, mortgages, etc.