This plan was created for chiropractors to pay monthly benefits for practice expenses if you're Totally Disabled and can't work.
Who is Eligible
As an active member of the National Business Association for Chiropractors (NBAC) and citizen or legal resident of the
U.S., you are eligible for this special offer
as long as: 1) you are age 60 or under; 2) you are Actively
at Work (for 30 hours or more per week); 3) you have not been declined for the D.C. Long Term Disability
or Business Overhead Expense Plan or an increase in benefits by The Hartford; 4) you do not currently have
the D.C. Long Term Disability Plan or Business Overhead Expense Plan and are satisfying
a waiting period, on a claim or have been approved for a premium waiver.
(If you're not currently an NBAC member, you can join the same time you apply for the Business Overhead Expense Plan.)
Policy Highlights include:
Up to $5,000 in Monthly Benefits
Your Business Overhead Expense Plan will pay you monthly
benefits to help cover your practice expenses. Monthly benefits up to $5,000 are available for a covered
disability – you choose the amount you
need.
Your Choice of 2 Elimination Periods
There are two elimination periods available – after 60 or 90 days of disability. You decide when
you want to receive benefits for practice expenses.
Affordable Group Rates
You can take advantage of affordable premiums, since the Business Overhead Expense Plan is a group plan.
The negotiating power of NBAC can save you money!
Click here
to view the quarterly rates.
Effective Date
Your coverage will become effective the first of the month after your enrollment form
and first premium are received.
If you are not Actively at Work on the date your coverage is to be effective, your coverage will begin the first of the
month after you have been Actively at Work for one month.
Renewability
Your Business Overhead Expense Plan will continue as long as: 1) the Master Policy is active;
2) NBAC continues to sponsor the plan; 3) you are Actively at Work except due
to disability covered by the policy or temporary layoff, leave of absence, Family or Medical Leave and; 4) you continue
to pay your premiums.
30-Day No-Risk Guarantee
The Hartford wants you to be absolutely satisfied with the Business Overhead Expense Plan. You
have 30 full days from your effective date to review your Certificate of Insurance to make sure it meets your needs.
If it doesn’t, simply return your Certificate for a full premium refund, guaranteed.
Definition of Total Disability
Total Disability or Totally Disabled means disability which, during
the Elimination Period and the first 24 months during which Total Disability Benefits
are payable, wholly and continuously prevents You from performing the Essential
Duties of Your Occupation.
Exclusions and Limitations
Benefits will not be paid for any part of a period of Total Disability that is 1) during the
Elimination Period; or 2) exceeds the Maximum Payment Period.
Business Overhead Expenses do not include:
- salary, fees, drawing account or any other remuneration for You;
- the cost or repair of office equipment; or
- office supplies.
If the office is jointly occupied, Monthly Business Overhead Expenses will mean the Insured Person’s portion of such expenses.
Your Business Overhead Expense Plan does not cover any Disability or loss caused by: intentionally self-inflicted Injury,
suicide or attempted suicide, while sane or insane; or war or act of war, whether declared or not; or any injury sustained
while riding on, boarding or alighting from, any aircraft; as a pilot, crew member or student pilot; operated by any
military authority (land, sea or air) unless it is a Military Transport Aircraft used for transport and operated by
the United States Military Air Mobility Command (AMC) or an AMC type service of a national government recognized by
the United States; or being used for tests, experimental purposes, stunt flying, racing or endurance tests, or your
commission or attempted commission of a felony; or Sickness contracted or Injury sustained while on full-time active
duty as a member of the Armed Forces (land, water, air) of any country or international authority.
This website explains the general purpose of the insurance described, but in no way changes or affects the policy AGP-5674 as
actually issued. In the event of a discrepancy between this website and the policy, the terms of the policy apply. All benefits
are subject to the terms and conditions of the policy. Policies underwritten by Hartford Life and Accident Insurance Company
detail exclusions, limitations, reductions of benefits and terms under which policies may be continued in force or discontinued.
Complete details are in the Certificate of Insurance issued to each insured individual and the Master Policy issued to the
policyholder. This program may vary and may not be available to residents of all states.
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