Optional Riders – Overhead Expense Plan

Optional benefit riders can help you further customize your Overhead Expense Plan disability insurance policy to suit your individual needs.

Own Occupation Rider

Provides a total disability benefit if you are unable to practice your chosen profession due directly to injury or sickness, even if you begin working again in a new career.

Residual Disability Rider

If you are not totally disabled, this rider allows a choice between receiving the partial disability benefit if you suffer a loss of time or duties in your occupation or the residual disability benefit if you suffer a loss of income.

Partial Disability Rider

This rider recognizes that you may continue to be partially disabled after returning to work following a total disability or may only be partially disabled because of the injury or sickness from the start. The benefits provided by this rider can help cover expenses while you are partially disabled.

Future Insurability Option Rider and Future Insurability with Return of Premium Option Rider

Often business expenses rise over the years and an individual’s health may deteriorate. Although most people feel they fully insure themselves when they buy a disability policy, they may find the original amount of disability protection becomes insufficient as needs change. Unfortunately, these people may not qualify medically to buy additional coverage at a later date.

These riders help alleviate this problem by guaranteeing that you can buy additional coverage, subject only to financial underwriting on specified option dates, regardless of changes in your health.

Catch-Up Rider

Provides a lump sum payment equal to the amount not paid during the waiting period of the policy should you become totally disabled for a period of at least 180 consecutive days. This coverage is designed to help you financially “catch-up” from the impact of a disability.

Return-of-Premium (50%) Rider

Reduces the long-term cost of disability coverage if you stay healthy. This rider returns up to 50% of the yearly eligible premium paid or waived under your policy if you have had minimal or no claims after 7 years and are not disabled (and every 7 years thereafter). The amount of the return will be reduced by any disability benefits paid or eligible premium waived or refunded.

Health Care Profession Rider

Provides a monthly benefit if you contract HIV, Hepatitis B or Hepatitis C and legislation or regulations prohibit you from performing substantial duties of your occupation.