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Insurance > Business Overhead Expense Insurance > Why Business Overhead Expense Insurance

Why Business Overhead Expense Insurance?

You might be one of 4.9 million business owners in the U.S. employing less than 10 employees.

The top four most important employee benefits offered by small business owners are:

affordable hospital/medical insurance (79%).
Retirement/pension plans (13%).
Group life insurance (7%).
Long-term disability insurance (1%).*

Yet, what are the chances that you or one of your employees may become disabled?

Disability is a fact of life
The chance of a long-term disability for you or your employees is greater than you may think.

The following chart indicates the percentage of individuals in small businesses that may become disabled for 90 days or longer. Are you at risk?

Number of Associates in the business
Owner Age	One	Two	Three	Four
25	28%	48%	63%	74%
35	26%	45%	59%	66%
45	23%	40%	54%	61%
55	17%	30%	42%	55%
Source: Calculated from the 1985 Society of Actuaries DTS Experience Table

Who will manage employees when you are unable to work?
Are you the sole income generator for the business?
What happens to the business if you are unable to work?
Do you have bills or obligations, such as a lease, that won't go away if your ability to pay expenses does?

Business Overhead Expense Insurance is important to your business and family for many reasons.

It helps prevents you, the business owner, from needing to deplete other business assets to fund ongoing expenses.

It helps keeps the business open, preserving relationships with your customers that you have invested time and energy to build. Will they turn to someone else when you are not around?

It helps enables you to maintain the services valuable to your employees.

It helps allow the business to continue paying suppliers and maintain a healthy credit record.

It helps keep the business going until you recover or can make alternative arrangements.

* Source—U.S. Small Businesses in 2000: A Dynamic Market, LIMRA International, Inc., 2001.

Your financial representative with Thrivent Financial for Lutherans can help
To learn more about Thrivent Financial for Lutherans' business overhead expense insurance, contact your financial representative with Thrivent Financial for Lutherans. He or she can provide you with costs, complete details of coverage, exclusions, reduction of benefits, and terms under which contracts may be continued in force or discontinued.

Contract Forms: H2-GB-GRBOE-1, H2-NB-NCBOE-1

20347WB N11-02

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