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Risk protection is a priority for business owners, but they may not know how to get started.

Help owners protect their business, employees and lifestyle, even if the unexpected happens.

Get the attention of business owners - digitally

Business Loan Protection Rider

The Business Loan Protection (BLP) rider covers loans taken out for business-related expenses, such as:

  • Purchase or expansion of a practice or business
  • Purchase of expensive equipment
  • Facility renovations
  • An increase in working capital or build-up of inventory

It's available as a cost rider on Overhead Expense insurance policies (HH789 and HH702) - in approved states (DI2696) (PDF).  In the event of a total disability, benefits can be assigned to the financial institution holding the loan.

This rider offers guaranteed premium rates until the client reaches the Termination Date. It cannot be conditionally renewed beyond the age 65 policy anniversary. 

Note: This rider is not available in California and is not approved in all states.

Important Information

For producer information only. This summary is not a complete statement of the rights, benefits, limitations and exclusions of the coverage described here. For cost and coverage details, contact your Principal® representative.

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