Looking for Business Overhead Expense insurance with cash surrender or ROP pre-death

[Tahoe Ray]

But for other carriers, I found this (I assume agent site):
https://businessoverheadexpense.com/

You might want to check out these carriers:

A+ Rated Companies that offer business overhead expense insurance:

• Assurity
• Guardian
• The Hartford
• MassMutual
• MetLife
• Mutual Of Omaha
• Ohio National
• Principal
• Standard
• Union Central

MetLife and Harford no longer sell Indy DI. No ROP on most carriers.
MOO and Assurity have it and neither allow it on their BOE.
Maybe it is on one or two others that I don't know about but I rarely talk about ROP anyway.

 

[Tahoe Ray]

But for other carriers, I found this (I assume agent site):
https://businessoverheadexpense.com/

You might want to check out these carriers:

A+ Rated Companies that offer business overhead expense insurance:

• Assurity
• Guardian
• The Hartford
• MassMutual
• MetLife
• Mutual Of Omaha
• Ohio National
• Principal
• Standard
• Union Central

Out of curiosity David, how did you even find this site? It gets no traffic and the only keyword that it seems to rank for is on page 6 (behind both my site and Tyler's...and neither of us have focused on that term)...

 

[DHK]

I searched for Business Overhead Expense... on Bing. It was the 3rd one down... on Bing.

 

[Daniel85]

DHK, you have hit on one of the primary things I'm looking for, a means of tax deferral.

Why would an insurance company offer ROP on BOE? It makes no sense to me. All it does is charges up to 40% more... so you can deduct the higher premium from the IRS... so you can get back a taxable lump-sum in the future.

But if it IS available, I'm sure that Petersen's would be the best bet... but they don't even offer/explain it on their proprietary brochure.

Business Disability Insurance Plan - Overhead Expense

https://www.piu.org/wp-content/uploads/2014/05/Business-Overhead-Expense-11-15-2015.pdf

 

[DHK]

You realize that, if this existed, there would be no growth credited on these things, right? Tax-deferral is pointless without growth. Return of basis (premiums paid in a standard DI contract with ROP) would be tax-free for standard DI contracts.

But a deduction today with taxable proceeds in the future (at an unknown tax rate) for BOE with ROP (if it exists)... is just like a 401(k) without growth or market risk.
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I think you're trying to be "too creative". There is only one reason to find a BOE contract to have up to 40% higher premiums: higher commissions for the agent. That's it.

 

[Tahoe Ray]

I searched for Business Overhead Expense... on Bing. It was the 3rd one down... on Bing.

So you're the guy...I knew that someone was using Bing.

Kidding, but I find that interesting. Aside from an exact domain match, I don't see much else from that site.

Hmmm.

 

[DHK]

Yeah, but I needed something. California is so limited in disability contracts these days that I was just looking for some kind of a carrier list. Otherwise, the only company I would've thought of would be Mutual of Omaha because they actually offer BOE in California (but no ROP - probably for the obvious reasons I already stated).