10 Reasons to Purchase an Auto-Owners
Disability Income Policy
1- Chances of a Loss – According to the Social Security Administration three in 10 workers entering the work force today will
become disabled before they retire. There is a greater likelihood that you will have a disability (30%) than you will have an auto
loss (.004%) or home insurance loss (.003%)
2- Coordinated Benefit Option – Policy provides a non-coordinated benefit, which means the base benefit you purchase will not be
reduced by any other disability benefits you receive. If you want the policy to coordinate, there is an optional rider available
that will change the policy accordingly.
3- Business Owners Options – Options specific to business owners can be purchased including Business Overhead Expense Rider
and Business Owner Return-To-Work Rider.
4- Benefit & Elimination Period Options – There are three separate benefit period options available and five elimination periods
ranging from 30 days to 365 days. Flexibility makes this appealing for those who may be supplementing a short term policy, or
those who need their own individual policy based on their needs.
5- Broad Coverage – Auto-Owners Disability Income policy provides worldwide coverage, 24 hours per day, 7 days a week while on
or off the job. "Own Occupation" periods are two years, while some occupations have the option of purchasing "Own Occ" for
five years or to age 67. Also there are 10 additional endorsements available so individuals can structure a policy to best fit their
6- Guaranteed – As long as premiums are paid, the policy will stay in force to age 67. Even if the insured changes to a more
hazardous job, he or she can have the original occupation class and the original policy. Once issued, coverage can not be
cancelled by Auto-Owners because of poor health, past claims or a more hazardous occupation.
7- Retroactive Waiver of Premium – There is an automatic waiver of premium built into the policy at no additional cost to the
insured. When a disability has lasted 90 days or longer, the policy remains in effect and the insured does not need to make
premium payments until the disability is over. Any premiums which were due and paid during that time would be refunded.
8- Partial Disability –A partial disability benefit is included at no additional cost which is equal to 50% of the total disability
monthly benefit. Partial disability must follow a period of total disability for which benefits were paid. .
9- Discounts – A Life Multi-Policy Discount is given on eligible personal and commercial lines policies also insured with
Auto-Owners. Personal Lines discount is 5% and commercial lines is 2% which is available in most states. A minimum $1,000
monthly benefit is required to receive the discount. For Incentive Travel, disability income policies with be credited with 1.5
10- Recurrent Disability – Automatically included at no additional cost. If disability recurs from the same or
related causes, it will be deemed a continuation of the previous disability unless you have been actively at work for six months