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Business Equity ProtectorSM provides funds so your business partners can buy your ownership share in a business if you become totally disabled. This coverage makes sure you're compensated under your business buy/sell agreement and allows the remaining owners to carry on the business.

Policy Features

Total Disability Benefit

If you become totally disabled, as defined by the policy, the policy will pay benefits to assist in the funding of the purchase of your ownership interest in the business. The policy can pay the benefits in a single lump sum or over a period of time.

Waiver of Premium Benefit

This benefit waives all premiums due under the policy while disability or recovery benefits are payable.

Legal/Accounting Fee Benefit

This benefit will reimburse you up to $3,000 for reasonable legal and/or accounting fees that you paid or owe in order to carry out the terms of the buy/sell agreement.

Policy Transferability and Convertibility

If you have not been paid benefits and your policy has been in force for two years, you can transfer your coverage to a new owner and receive insurance under a similar policy without medical evidence.

Policy Renewability

We will not change the premiums for your policy while it is in force. You can continue your coverage for as long as you pay your premiums on time or until you reach one of the dates specified by the policy.

Optional Riders

Extended Benefit Option Rider

This rider delays the reduction of policy benefits until age 65 and provides reduced coverage until the policy anniversary after you reach age 70.

Future Buy-Out Expense Option Rider

This rider offers an opportunity to periodically increase the buy-out policy benefits to keep pace with business growth.

Learn About Your Options

Talk to your financial advisor about your business protection options.
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