Business Equity Protection

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.

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

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.

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.

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.

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

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