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Protecting Your Business: Disability Insurance
What if you or a business partner became disabled? It is comforting to know that the business you’ve worked so hard to build and maintain can be protected in the event you become too sick or injured to work for an extended period of time.
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What is disability insurance?
Generally speaking, individual disability income insurance replaces a portion of your income in the event of a disability. For business owners and partners, a disability insurance policy can also protect their business.
How is disability insurance used?
Disability insurance can be used to cover regular business expenses - keeping the business up and running - or as a buy-out option.
What are the benefits of disability insurance?
When you purchase disability insurance to help protect the business, it provides benefits, in the event a business owner becomes disabled. These benefits can help pay for regular overhead expenses or to purchase an owner's interest in the business.
What are the different types of disability insurance that can help you protect your business?
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Buy-Sell
Primarily designed for partnerships, provides funds for the purchase of the insured’s share of ownership in the event he/she is totally disabled.
Prefer to speak to someone about disability insurance?
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Insurance products issued by Massachusetts Mutual Life Insurance Company (MassMutual), 1295 State Street, Springfield, MA 01111-0001 and its subsidiaries C.M. Life Insurance Company and MML Bay State Life Insurance Company, 100 Bright Meadow Boulevard, Enfield, CT 06082.
CRN201208-138924
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