Special offer: Business owner insurance.
Running your own business is never easy. We have you covered with the unique business owner insurance proposition. It includes: Business Expenses & Mortgage Protector. The power of two (covers) provides with enough benefits to call it 3 financial solutions. Providing you with payments at the time of serious illness or accidents covering you and your business.
If you had some thoughts lately about your mortgage payments or about your business expenses – this page is for you.
This solution is going to provide you with piece of mind about your financial situation in the event “what if”.
The solution is to combine two insurance policies from Fidelity Life:
- Business Expenses Cover
- Mortgage Protector
Now, let me explain why this is the best mix:
Business expenses cover is going to provide you with monthly repayments if you as the business owner became temporarily (more than 2 weeks) or permanently disabled. Now for the best part the policy allows you to insure your $6,000 business expenses without any financial underwriting – meaning no proof is required at application time.
The payment is going to be received by your business and provide you with 12 monthly payments. For the second year the policy is going to pay 50% of your initial amount, in our example $3,000 Most importantly premiums you pay treated as business expenses.
Maximum amount you can insure is $25,000 monthly business expenses. If you are thinking about why would you want to insure that much – think about following reasons:
Your business depends on you.
All the people who work in your business literally depend on your ability to generate business and create gross profit which as the result of their good work is going to provide them with their nice incomes.
Now, what if you cannot work? The policy is going to allow you to hire a locum and for some time replace yourself making sure that the business and you are not going to struggle financially- all paid by the policy.
Mortgage Protector is going to provide you with certainty of your mortgage payments. For illustration purposes I have provided you with indicative premiums for $2,500 monthly mortgage payments and 13 weeks of waiting period.
The policy will provide you with 2 years of benefit meaning that if you were diagnosed with cancer – you are going to be able to keep your house. Plus the Business Expenses cover would allow you to sell your business or to restructure it in being an absent owner making the business fully managed.
On the top of that the policy is going to pay you without any waiting period and on the top of your ACC entitlement if you had one of the following:
|Specific Injury means||Payment Period|
|1. Fracture of skull, jaw||30 days|
|2. Fracture of forearm, collarbone||30 days|
|3. Fracture of wrist||45 days|
|4. Fracture of upper arm, shoulder bone, elbow||60 days|
|5. Fracture of vertebrae||60 days|
|6. Fracture of kneecap||60 days|
|7. Fracture of ankle, heel||60 days|
|8. Fracture of leg below the knee (tibia or fibula)||60 days|
|9. Fracture of leg above the knee (femur), pelvis||90 days|
|10. Loss of thumb and index finger of the same hand||6 months|
|11. Loss of one foot or one hand or sight in one eye||12 months|
|12. Loss of one leg or arm||18 months|
|13. Loss of any combination of two of the following: a hand, a foot, sight in one eye||24 months|
|14. Loss of both feet or both hands or sight of both eyes||24 months|
|15. Paralysis (Diplegia, Hemiplegia, Paraplegia, Quadriplegia)||60 months|
A Total and Permanent Disability Benefit, equal to 24 times the monthly benefit will be paid as a lump sum if:
- A Monthly Benefit has been paid for 12 consecutive months in respect of an insured person;
- and That insured person suffers a total and permanent disability.
Now let me reinstate again:
Mortgage Protector is going to pay you money disregarding your waiting period specified in your policy and on the top of ACC payments.
Now, think about how secure would you feel if you had the business owner insurance solution in place and this is why I call 1+1=3
Please download the application and support documents, complete it and email it back to my office.
The two tables below are here to provide you with some additional information about the cost of the insurance we have discussed. Pink box is for ladies and blue for men. For instance a lady who is 40 years old will pay only $37.78 for her mortgage protector cover and $63.38 for her Business Expenses cover for $6,000 monthly benefit for two years.
Call my office or email if you have questions.
|Age||Mortgage Protection||Business Expenses|
|Age||Mortgage Protection||Business Expenses|
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