As a Pharmacist, you have excelled in expanding your education past the undergraduate realm, entering another level and becoming a Pharm D! At Venture, our goal is to protect you personally and professionally as you evolve from a pharmacy school graduate to a business owner and on into retirement. We offer a full range of products including Disability Insurance for new grads and experienced pharmacists, as well as Life Insurance and Collateral Assignment for business owners. Below are a few of the products we offer and we are happy to help you determine what makes the most sense for your individual needs. Contact us today for details!
Disability Insurance, also known as Disability Income Insurance, is an insurance policy designed for professionals that may experience a significant lifestyle change if they were to become disabled. From a minor injury to a chronic illness, there are several scenarios that could occur, which may create financial hardship for you and your family.
BUSINESS OVERHEAD EXPENSE COVERAGE
As a business owner, there are many things to consider when deciding the best direction to follow with regards to protecting all aspects of the business. In addition to Contents Coverage, which all lenders require for business acquisitions and start-ups, it’s important to protect the stability of your business in a case where you become disabled and unable to practice.
Life Insurance is pretty self-explanatory, however what is important to understand are the different types of policies available and understanding which is best for you and your family. Term, Whole Life and Universal Life are the most popular and prevalent in the marketplace. At Venture, we are here to educate you and help you make the decision that makes the most sense for you and your family.
As you become a business owner, lenders will typically require a life insurance policy that appoints the lender as the primary beneficiary as a death benefit to use as collateral for a loan. If the borrower is unable to pay, the lender can cash in the life insurance policy and recover what is owed.