Newmarket, ON (June 22, 2018) – Neil Paton, partner, president and chief executive officer of The Edge Benefits, is pleased to announce the launch of some significant enhancements to their Business Overhead Insurance product for existing and new policyholders.
“Business Overhead Expense Insurance was designed to help the self-employed and small business owner meet the monthly obligations associated with many of the fixed overhead expenses resulting from unexpected injury or illness, until such time as the future of the business is determined,” says Paton. “We developed the product because many of our policyholders who had income protection through a disability income plan, were redirecting their monthly payments to keep their businesses afloat; creating a significant financial strain on the family.”
Historically, the product provided a pool of up to 12 times the fixed monthly expenses to a maximum of $6,000 per month for both injury and illness, up to $72,000. Effective July 1st, 2018, for existing and new policyholders, the Injury coverage will increase to a pool of up to 24 times the fixed monthly expenses, up to $144,000, at no additional cost.
“This is a great opportunity for Advisors to review the income protection needs of their self-employed and small business owner clients, to make sure their coverage is adequate, and that they have sufficient Business Overhead Expense Coverage,” says Paton. “It is yet another example of how we advocate on behalf of our clients, striving to provide more and more reasons for them to make The Edge Benefits their first choice for benefits.”
To find out more, please visit www.edgebenefits.com to register for one of our upcoming educational webinars running throughout the month of June.
About The EDGE
The EDGE is a proud member of The Co-operators Group Limited offering a simplified approach to complex living benefit solutions to the Canadian consumer, which has been revolutionary in the insurance industry. They provide the self-employed and small business owner with insurance solutions specifically designed to meet their needs. Located in Newmarket, Ontario, they currently have 80 employees, over 45,000 policyholders, and have paid out over $100 million in benefit claims in the last 10 years. Approximately 14,000 licensed insurance advisors across Canada currently select the EDGE products when offering Living Benefit Solutions to meet their clients’ needs. For more information, visit edgebenefits.com.
SOURCE: The Edge BenefitsTags: Business Overhead Expense, The Edge Benefits