The U-Haul Dealer Benefits Program — a U-Haul “do-it-yourself” national resource — is excited to offer Dealers Disability Income Insurance coverage from Illinois Mutual!
Disability insurance protects your most valuable asset, your ability to earn a paycheck if you became unable to work because of an accident or sickness. In most cases, your U-Haul business might suffer if you’re out of the office — causing a severe financial impact. This coverage can help reduce that impact.
Disability insurance does not just protect your income — it also covers your fixed overhead expenses, including employee salaries, building leases, etc.
This exclusive U-Haul disability insurance program is like the damage waiver you sell with each rental. The difference is, this disability insurance “damage waiver” protects you from accidents and sickness — and costs less than 1/3rd the price of the rental damage waiver you’re selling.
Illinois Mutual has given U-Haul Dealers the highest Occupation Class rating of 5! That means that as an owner, regardless of how involved you are in the daily operations, you’ll be offered the lowest premium and best possible coverage. Imagine saving about 25%, just because of your affiliation with U-Haul.
One of the best options you may consider is the “Return of Premium” rider that pays you back 100% of all your premiums at age 67 if don’t use any benefits.
Providing for your family is important. Your income allows you to maintain your standard of living, pay bills, save for the future and enjoy life’s simple pleasures. In short, it provides the foundation for life as you know it. But what if you couldn’t work to earn your income?
Disability income insurance can provide a monthly benefit to help you pay your basic expenses should you become sick or hurt and Totally Disabled. Personal Paycheck Power® from Illinois Mutual is an individual Disability Insurance plan that helps safeguard your financial future if you suddenly became unable to work.
This coverage is guaranteed renewable to age 67 — which means as long as your premiums are paid, the policy cannot be canceled until you reach age 67.
You’ll start receiving benefits 90-days after a qualifying disability occurs. This elimination or waiting period is similar to the deductible for other types of insurance.
If a disability occurs, you’re eligible to receive the monthly benefit amount for up to two years with this policy.
You can receive up to $3,000 per month in replacement income if you became unable to earn a paycheck.
Don’t lose it if you don’t use it! The Return of Premium Rider provides coverage if you need it and puts money back in your pocket if you don’t. After the benefit period (between ages 65-67), policy owners can receive a refund of 100% of policy premiums, less any benefits already paid out.
The monthly premium examples below give you an idea of what you might pay for the coverage outlined above.
|30 ||$34.22 |
|35 ||$43.76 |
|40 ||$60.13 |
|45 ||$88.66 |
|50 ||$147.97 |
|55 ||$99.50 (excludes Return of Premium) |
The premium rates above are examples for the type of coverage that’s possible. To get an actual “offer” for disability insurance, you must apply and go through an underwriting process that takes about 6 to 8 weeks. The underwriting process is similar to the walk-around your clients do before renting a truck. During the pre-rental walk around, all the dents and scratches from previous renters are noted— releasing the next renter from any liability.
The underwriting process is very similar. All of the dents and scratches from your previous medical history are noted and can be accepted “as-is,” excluded from future coverage and sometimes can be covered by paying additional premium. We won’t know your specific details until your application has been reviewed.
All applicants will get a personally tailored offer, based on their age and medical history and the type of coverage chosen. Once a policy is issued, as long as premiums are paid, the terms of that policy cannot be changed from that point forward — including any future claims, changes in medical history, changing occupation or earning more income. You own the protection and it follows with you the rest of you working career.