Don't Waste Personal DI Benefits on Business Loans
The Small Business Administration and countless non-governmental, commercial banks lend billions of dollars in capital to tens of thousands of American professionals every year. Those professional men and women are your clients and your business prospects. Many of them make the serious mistake of assigning personal disability policy benefits to lending institutions in cooperation with business loan agreements.
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As an insurance advisor, you prescribe your clients disability insurance to protect their incomes. Those benefits are earmarked for the replacement of earnings to cover life’s most fundamental expenses. Personal DI benefits are for them and their family, not the bank.
So, how do your clients effectively and affordably satisfy lender requirements for disability insurance without tapping into their personal DI resources? The answer is Loan Indemnification Disability Insurance. Be sure to ask us how this unique product can open the door to great referral opportunities as well.