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Small Business Owners – Is Your Income Protected?

Like family, your employees rely on you to keep the business running and financially healthy. If you become disabled due to illness or injury, how long could the company continue without generating the revenue needed to pay yourself and your employees?

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Income protection for small business owners

You’re laser-focused on staying competitive while keeping your employees and customers happy. With your busy schedule, you might not stop to consider how an illness or injury could affect your own income.

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Here’s a common income protection misconception:

“I don’t need DI because workers’ compensation will cover me.”

Workers’ comp is triggered by on-the-job injuries and illnesses that happen due to your work.

DI offers income protection 24/7. If an income-interrupting illness or injury happens on or off the job and prevents you from working, DI pays a monthly benefit that can be used for personal expenses like your mortgage, utilities and groceries.


A backup plan for your business expenses

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You watch your business expenses like a hawk. Utilities, marketing costs, cleaning fees and employee salaries add up quickly!

BE could help your business keep going if a disability due to illness or injury stops you from working to earn an income.

The benefit from BE can cover a wide range of fixed expenses, including:

  • Certain employee salaries1
  • Office maintenance and repairs
  • Lease or rent payments
  • Property and payroll taxes
  • And more

With Illinois Mutual, business owners may be eligible to receive a 5% premium discount on DI and BE premiums2 when both policies are applied for together and issued.

What if you never need to use your DI or BE coverage?

The ROP Rider gives you a chance to get back 100% of eligible premiums at the end of your DI or BE policy, minus any benefits paid.3

BE or DI with ROP offers income protection if needed, cash back if not. Plus, Illinois Mutual is currently the only insurance carrier offering an ROP Rider for BE.



Let’s talk!

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Illinois Mutual has offered income protection since 1956. Our income protection plans are shaped by your needs and our decades of expertise.

Contact an Illinois Mutual agent to talk about your specific needs for DI, BE and ROP.

 

Ready to get started?

Now is the best time to talk to an agent about your coverage needs.

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Except salary of the insured, someone who replaces the insured, and any family member working less than 3 months for the insured.

Multi-policy discount is not available in FL

Available at an additional cost. The Return of Premium Rider returns 100% of premiums paid less any benefits received when the insured attains ages 65 to 67. Beginning with the fifth policy year, the policyowner is eligible to receive a portion of the premiums paid, less any benefits received. The policy ends after the return of premium is paid and may not be reinstated.

Policy Form DI105, Disability Income Policy; Policy Form DI105, Disability Income Policy; Policy Form 9266, Return of Premium Rider; Policy Form BE105, Business Expense Policy

Not available in AK, CA, DC, HI or NY. Coverage and availability may vary in other states.

For costs and complete details of the coverage, limitations, exclusions and terms, contact Illinois Mutual. If any discrepancies exist between this communication and the policy, the terms of the policy will control.