A disability can happen to anyone, at anytime. Unfortunately, most Americans are not prepared for the financial impact of a disability, especially business owners. Have you considered how a total disability could affect your customers’ ability to make payments on their business loans from your financial institution?
Consider transferring the risk of a business-related loan to Principal Life Insurance Company with the Business Loan Protection rider available on the Overhead Expense insurance policy. If your customer becomes totally disabled and has this coverage, the rider continues to provide reimbursement for loan payments.
Take a moment to listen to this short presentation to learn more about the benefits this coverage offers your financial institution and your customers.