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Insurance > Business Overhead Expense Insurance
Business Overhead Expense Insurance

What is Business Overhead Expense Insurance
  • Business overhead expense (BOE) insurance is an insurance contract designed to help business owners meet monthly business overhead expenses during a disability. If you were to become totally disabled based on the definitions in the contract, the insurer would pay the approved expenses your business may incur while you are unable to work.
  • In order to provide you with some peace of mind, BOE contracts provide short-term benefits to help you keep the business open long enough to recover or make decisions about the business if you are unable to return.
  • Since BOE premiums are tax deductible to the business, any benefits paid to the business upon your disability would be taxable. However, since you are then taking corresponding deductions for the expenses you are paying with the benefits, it becomes a wash to your company and you experience no net cost.
  • Business overhead expense insurance works great with more than one owner. The insurance contract you apply for will cover only those expenses for which you are responsible. For example, if you have a business partner and you are responsible for 50% of all expenses, a BOE insurance contract would cover 50% of all expenses up to your maximum amount.

Your financial representative with Thrivent Financial for Lutherans can help
To learn more about Thrivent Financial's business overhead expense insurance, contact your financial representative. 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
20347WA N11-02


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Appleton Office:
4321 N. Ballard Road
Appleton, WI 54919-0001 USA
800-THRIVENT
(800-847-4836)
E-mail: mail@thrivent.com

Minneapolis Office:
625 Fourth Avenue S.
Minneapolis, MN 55415-1624 USA
800-THRIVENT
(800-847-4836)

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Thrivent Financial for Lutherans, Appleton, WI 54919-0001, is authorized to conduct business in all 50 states and the District of Columbia. NAIC # 2938-56014. Products issued by Thrivent Financial for Lutherans are available to applicants who meet membership, insurability, U.S. citizenship and residency requirements. Not all products described are available in all states. Thrivent Financial representatives are licensed insurance agents. Insurance and retirement products, where available, are individual contracts, (not group coverage), and issued by Thrivent Financial for Lutherans. Investment products are offered through Thrivent Investment Management Inc., 625 Fourth Ave. S., Minneapolis, MN 55415-1665, a wholly owned subsidiary of Thrivent Financial for Lutherans. Member FINRA. Member SIPC. Thrivent Financial representatives are registered representatives of Thrivent Investment Management Inc.

Bank products and trust services are offered through Thrivent Financial Bank, 2000 E. Milestone Dr., Appleton, WI 54919-0006 (Member FDIC, Equal Housing Lender), a wholly owned subsidiary of Thrivent Financial for Lutherans. Insurance, investment products, securities, trust, and investment management services and accounts are not deposits, are not FDIC insured, are not insured by any federal government agency, and are not guaranteed by Thrivent Financial Bank. Variable insurance contracts, investment products, trust, and investment management accounts may go down in value.

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This document was last updated on Wednesday, December 20, 2006 at 8:43 AM