OnePath Small Business Insurance

Information verified correct on September 28th, 2016

Why Choose OnePath Small Business Insurance?

If you are an entrepreneur who values your business, your primary concern is how to provide protection to your business as a source of your family income. OnePath Small Business Insurance provides you the solutions in having your business covered with financial security in case of life’s eventualities. You want to assure yourself that you have invested your hard earned money in a worthwhile investment that could provide your family valuable assets as a form of financial security in the future. The OnePath Small Business Insurance is the best insurance solution that offers you flexibility of having both your family and business covered under a single policy.

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Coverage is the amount of money that you will be paid in the event of a claim. An insurance consultant can help you determine an appropriate amount. Calculator
Provides a lump sum payment if you become totally and permanently disabled and are unable to return to work.
Provides a lump sum payment if you suffer a serious medical condition. Cover can be taken out for 40-60 medical conditions depending on the policy you choose.
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OnePath Small Business Insurance Coverage

It is both your family and your business which matter to you most and you are concerned in giving them security in the future especially in case of unexpected circumstances of your death, serious illness or disability. You want to unburden your loved ones from meeting your financial obligations that are related to your business operations as well as providing for your family’s daily living expenses. The OnePath Small Business Insurance gives you a wide range of insurance coverage options in all stages of life whether you are single or have a family and run your own business. You can tailor your insurance plan to cover for your family and business expenses in case of life’s eventualities.

Life cover is one type of insurance coverage you can choose with your OnePath Small Business Insurance membership. Either you die or diagnosed with a terminal illness, your beneficiaries will receive a lump sum or installment benefit that can be used for paying your debts, mortgages, pay for the family expenses and business buyouts or estate planning. You can also enjoy the same benefits should you become totally or permanently disabled in addition to paying for your medical expenses. Choosing the trauma cover will give you protection against the financial burden of paying for your rehabilitation and medical expenses should you incur traumatic condition. Your benefit can also be used for paying your daily household expenses and other forms of personal and business financial obligations.

You can also obtain guaranteed business protection with the business expense cover that gives you a monthly benefit which you can use for paying monthly overhead expenses and other regular utility bills in running your business and for paying rents or employee salary if you become terminally ill or become totally or partially disabled and unable to work. If you need extraordinary care due to your disability, the living expense cover of your insurance will pay for your home care and other bills necessary to pay for to maintain your family lifestyle and needs. Expenses for child care will also be answered by your OnePath Small Business Insurance under its child cover benefit should you suffer from traumatic conditions or die. If you want to have additional benefit to receive on top of your other benefit coverage, you can opt for the extra care cover that gives you extra benefit coverage in case of accident, terminal illness, has needle stick injury or death.

Features Available with OnePath Small Business Insurance

The OnePath Small Business Insurance is best for business traders, small business owners with up to 10 employees and partnership whose goal is to give both their family and business protection against life eventualities. Your insurance gives the flexibility of options in choosing your insurance coverage that most suit your needs and budget. The different coverage mentioned above can be purchased in a single policy and you can insure as many lives as you want under the same policy. You can select varying insurance coverage for each life that you want to insure thereby allowing you to tailor their insurance cover according to their distinct needs. Hence, you can select varying amounts to insure, the type of coverage, and benefit payment for each of the insured member under a single OnePath Small Business Insurance policy.

You will get lifestyle protection from your insurance coverage as there are different options available for you. You can select which cover you will mostly need based on your financial obligations and lifestyle. Your insurance can take the burden off your shoulder in meeting your financial obligation for your family and business operations as well in case you become disabled, terminally ill or die. You can also make use of your insurance in succession planning in funding your buy and sell arrangement with your business partner. If you die or become disabled and can no longer provide financial income for your family, your life insurance can give you aid in paying off debts and other loans. Your business remains protected as your business operation can continue using your monthly benefit to pay for overhead costs and operational expenses of your business.

As long as you continue paying your premiums diligently, you will enjoy on-going protection from your OnePath Small Business Insurance. You policy will continue to be in force every year regardless of any changes on your health condition. If any improvements are available for the benefit covers under your OnePath Small Business Insurance, your policy will automatically be upgraded to entitle you to such benefits.

Important Considerations with OnePath Small Business Insurance

Your OnePath Small Business Insurance provides you with a wide range of options and varieties of insurance coverage. It is important to note that you are not obliged to sign up for all of the available coverage in your policy. You can select only those coverage that you may find to suit your needs and in consideration of your budget. You may want to discuss your options with a financial adviser who can help you assess your current and future financial needs and in planning which coverage is best to take under your insurance plan. If you have a business to protect, the OnePath Small Business Insurance is probably the best one for you since you can include in your protection coverage the financial security of both your loved ones and business in a single insurance plan. It is thus the most convenient and cost effective way of designing your future financial security for your business and family.

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