亚洲无码

Disability Buy-Out Insurance
Disability Buy-Out Insurance

Help owners protect their business with a transfer plan if they become disabled.

Disability Buy-Out (DBO) insurance helps fund the purchase of a totally disabled business owner鈥檚 interest under a buy-sell agreement. It allows remaining owners to continue the business without:

  • Using business cash flow
  • Obtaining loans from financial institutions
  • Selling shares of the business to get working capital

Target market

  • Smaller businesses with 1 to 10 owners
  • Businesses not owned by spouses, parents, and children or owners with large age differences
  • Up to $20 million business value considered ($10 million and above, contact underwriting)
  • Majority of policies sold are 3A/3A-M and above

Our DBO products

The HH703 policy is conditionally renewable to age 65 with guaranteed premiums. 

The HH794 policy is conditionally renewable to age 65 or 67 with guaranteed premiums and offers a one-way buy-out solution for sole proprietors. It鈥檚 not approved in all states. For more information, refer to DI state approvals.

The HH673 policy (California only) is conditionally renewable to age 65 with guaranteed premiums. Rates are based on unisex/gender-neutral rates.

 

Working with Principal庐

We鈥檙e more than just products. It鈥檚 about the service you鈥檒l receive from 亚洲无码and the experience, education, and ease of doing business to help you succeed with IDI.

  • Get direct access to your internal sales team: 800-654-4278.
  • Access underwriting and submitting business resources: 800-654-4278, options 3,3.
  • Get claims information: 800-654-4278, options 4,3,4.

Footnotes

Guidelines, limits, and required documentation vary for single owner DBO policies. For more details, refer to the (JJ2166). 2 to 8 owners for 2A and 3A/3A-M occupation classes.

Important information

Guarantees are based upon the claims-paying ability of 亚洲无码Life Insurance Company庐.
This content is designed for use by financial professionals. Consumers may learn more about products and services on www.principal.com.
This is a summary of the benefits disability insurance provides, but there are limitations and exclusions. For cost and coverage details, contact your Principal庐 representative.