Being responsible for the stability of your practice can be a lot of pressure—especially if you face an unexpected injury or health problem prevents you from work.
But you aren't alone. AIIT-endorsed Group Professional Overhead Expense Insurance offers protection for what you value most by providing benefit money you can use to help keep your business running for up to 24 months if a covered disability prevents you from doing your job.
*If a non-appraiser employee of the corporation is also a stockholder, the salary to the employee for duties regularly performed is an eligible expense as long as the salary is commensurate with those duties. If you are incorporated, a partner, or a joint tenant, overhead expenses include only your share of them. For complete details on eligible expenses and those that are not included, contact the plan administrator.
Underwritten by New York Life Insurance Company on Policy Form GMR. For more information, including features, costs, eligibility, renewability, limitations and exclusions reference the Policy Brochure.
New York Life Insurance Company, founded in 1845 and a recognized leader in the group insurance field, is one of the largest and most respected life insurance companies in the nation. New York Life has received the highest financial strength ratings currently awarded to any U.S. life insurer by Standard & Poor's (AA+); A.M. Best (A++); Moody's (Aaa); and Fitch (AAA). Source: Individual Third-Party Ratings Reports as of 11/17/23.
New York Life is licensed / authorized to transact business in all of the 50 United States, the District of Columbia, Puerto Rico and Canada. However, not all group coverages it underwrites are available in all jurisdictions. Please check the applicable insurance brochures for current availability. New York Life's state of domicile is New York, and NAIC ID# is 66915