An unexpected accident or illness can destroy or seriously impair your ability to keep your business running. While Overhead Expense disability coverage can't keep you healthy and working, it can help keep your business healthy and working.
Ask yourself these important questions:
 | If I were sick or injured and couldn't work, would I have a source of income to pay my business expenses? |
| Could I afford to keep my business open? |
| Could I afford to close my business? |
Because your business and your ability to work as a dentist or dental specialist are your most valuable assets, you should seriously consider the value of carrying a properly designed Overhead Expense disability policy. The premiums are fully tax deductible and are very flexible.
The dual expenses of disability
As a successful medical professional, you know that if you became sick or injured and can't work, you may very well be forced to close down your business. The resulting strain on both your personal and business life could be devastating. After all, your income is divided between two budgets!
A properly designed Overhead Expense policy is the answer to this very real problem.
** Guardian's plan features include: (form 4100 and 5100)
| Choice of Professional Overhead Expense Coverage (form 4100) which can cover employee salaries, or Business Overhead Expense Coverage (form 5100) which does not. |
| Monthly income benefits from $1,000 to $30,000 |
| Waiting period options of 30, 60 and 90 days |
| Benefit period options of 12, 18 and 24 months |
| Built-in Residual or Partial disability benefits calculated on loss of Gross Business revenue. |
When calculating how much benefit you need, concentrate on your fixed monthly expenses excluding your salary. Include items such as rent payments, key employee salaries, utilities, building maintenance, equipment lease payments, property taxes, bank and legal fees, and others. Exclude variable expenses like dental supplies and lab fees.
Be sure to call Dave or Bret today for information and a detailed proposal. Remember, you can also request information online through our Information Request page.
** The Berkshire Life Insurance Company of America, Pittsfield, MA is a wholly-owned subsidiary of The Guardian Life Insurance Company of America, New York, NY. Berkshire markets Guardian's disability insurance product line.