Typical covered expenses are: rent, utilities, employees' salaries, insurance premiums, and other deductible expenses.
As such, many lenders are now also requiring that an individual insure their loan payments in the event that they become disabled and cannot meet their loan payment obligations.
A healthy disability buy-out insurance agreement should contain provisions that anticipate the future needs of a business.
2024-175201 Exp: 5/30/26
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