If you’re like many business owners, you may have never considered what would happen if you suddenly became ill or injured and couldn’t devote the usual amount of time and energy to your business. A disability can cause your business to suffer because your business depends on you. In fact, if your business suffers, you may no longer be able to rely on it to provide your income. Many business owners are unaware that during a disability, a company cannot continue to write off owner salaries resulting in a higher corporate tax burden.
Consider your future income loss. A 45 year old earning $7,000 a month (with 2% inflation factor) has an income potential of $2,040,979 to age 65. Would you consider insuring a two-million dollar asset? Protect your business’ greatest asset – YOU.