Business Overhead Expense
This program is endorsed by your association.
Business Overhead Expense (BOE) pays actual overhead expenses of your office
while you are totally disabled. BOE pays for: Office Rent; Employees' Salaries;
Heat, Electricity, Water and Telephone; Taxes; Insurance Premiums (including
Professional Liability insurance); Depreciation and other fixed overhead expenses
necessary to the normal operation of your office. Premiums are normally tax deductible
as a business expense. Consult your personal tax advisor for details.
Underwriter:
The United States Life Insurance Company
Member AIG, Inc.
Eligibility:
Members under age 60 are eligible to apply.
Features:
• Benefits:
- Under age 50 - $500 to $15,000/month
- Over age 50 - $500 to $10,000/month
• Total
Benefits equal 15 times monthly indemnity
• Waiver of Premium included
• Guaranteed Purchase Option:
- Increase benefits 25% on
2nd, 4th, 6th, and 8th anniversaries if coverage purchased
under age 40
• Survivor
Benefits
• Waiting Periods:
- 14 days, 14 day retroactive to 1st
day; 30 days retroactive to 1st day
• Lump
Sum Recovery Benefit (Optional)
• Not Experience Rated
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