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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:
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 as an ordinary business expense. The dual expenses of disability As a successful 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. Our plan features include: (form 4100*)
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 that only exist if you're producing.
* Policy form 4100. Disability Income Insurance products underwritten and issued by Berkshire Life Insurance Company of America, Pittsfield, MA, a wholly owned subsidiary of The Guardian Life Insurance Company of America, New York, NY. |
