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 in the City of New York, Member AIG
Inc.
Eligibility:
Members under age 60 are eligible to apply.
Features:
• Benefit amounts up to $15,000/month
• Waiver of premium
• Guaranteed Purchase Option available
• Lump Sum Recovery Benefit option available
• Survivor Benefits
• Recovery and Retroactive Benefit riders available
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