Taking on debt or committing to a financial agreement is a necessary part of building a successful business or practice. Perhaps you took out a loan to purchase or expand your business. Maybe you borrowed to buy new equipment, property or office space. Or perhaps you offered a guaranteed salary contract to a key employee. But how would you satisfy that obligation if you were to become disabled? DI Coverage Specifically for Business Loans Can Help! It’s important to have a strategy in place to protect your ability to meet business obligations in case disability strikes.
Keep Contractual Payments on Schedule!
If you were to become totally disabled from an illness or accident, a Business Loan policy could fund up to 100% of any financial obligation that requires regular payments over a defined term, such as:
Loans
Business start-up or practice purchase
Capital improvement or expansion
Other fixed-term loans that depend on the business talents of a key individual for repayment.
Contracts
Employment contract guarantees
Contract performance guarantees
Agreements
Purchase
Lease