Disability Insurance to cover business loans
If you own a business, it’s a pretty good bet that, ultimately, you own the debt that goes with it. But you accept that as part of the cost of having a business in the first place… unless you can’t meet the payments because you can’t generate revenue because you can’t run your business because you’re disabled.
That’s when the cost is too high.
That’s why we offer Business Reducing Term Disability Insurance (BRT)*—to help business owners protect their companies, their personal wealth and even their credit rating.
Consider this:
If you have financial obligations that require periodic payments expiring at a given time, you should consider applying for Business Reducing Term coverage.
- Have you borrowed money to buy your business, expand it or improve it?
- Do you offer guaranteed employment contracts to any of your employees?
- Are there purchase agreements on the books?
If you can answer “yes” to any of these questions, you owe it to yourself and your business to learn more about BRT.
Don’t use the benefits that you receive from your individual disability insurance policy to pay the bank for loans to keep your business open. Match the need with the product – Business reducing term disability insurance is best used when you have fixed term business loans.