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OFFICE OVERHEAD INSURANCE
Help pay the bills for your sole practice or partnership if an accident or illness leaves you disabled



Benefits and Premiums
The value of 1 unit is $100. Monthly premiums per unit are:

Office Overhead


MONTHLY PREMIUM PER $100 UNIT OF MONTHLY BENEFIT
Waiting Period
14 Days
30 Days
AGE1
MALE
FEMALE
MALE
FEMALE
Under 40
$ 0.75
$ 1.00
$ 0.65
$ 0.90
40 – 44
0.85
1.25
0.75
1.15
45 – 49
1.10
1.45
0.90
1.35
50 – 54
1.45
1.60
1.20
1.45
55 – 59
2.00
1.90
1.65
1.55
60 – 642
2.65
2.30
2.15
1.75
65
Coverage Terminates
Maximum Coverage.................................................................................................... 50 Units

1 Age means attained age at the Policy Anniversary date (March 1st). Premiums increase with age.
2 Rates for those 61 and over are for renewals only.


Eligibility
Partners and sole practitioners who meet the eligibility requirements may apply for this coverage.

Benefits Payable
The plan will provide reimbursement for incurred expenses such as rent, salaries, utilities, leased or rented equipment and other expenses which are normal and customary in the operation of your practice. The plan does not cover any remuneration payable to yourself or to your partners or to any person who replaces you to perform your duties for the purpose of generating income for your practice. The cost of any new purchases of equipment or supplies will be excluded as well. In the event of joint occupancy or partnership, only your share of the office overhead expenses will be used in determining the amount of benefit payable. Benefits will be payable for up to 12 months.

Partial Disability
If you have recovered sufficiently to return to your practice on a part-time basis, benefits will be payable for up to six months, rather than 12 months, at 50% of the benefits paid in the last month of Total Disability.

Definition of Disability
You will be considered totally disabled if, as a result of injury or sickness, you are severely limited in the performance of the normal activities pertaining to your occupation.

To add Office Overhead Insurance to your Term Life Insurance plan, get an application, complete it and return it to Manulife Financial today.

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