Florida Life and Health Insurance License Practice Test

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Which policy best addresses a small business owner's concern about financial survival if they become disabled?

  1. Term Life Insurance

  2. Whole Life Insurance

  3. Business Overhead Expense

  4. Personal Disability Income

The correct answer is: Business Overhead Expense

Business Overhead Expense is the best policy for addressing a small business owner's concern about financial survival if they become disabled. The other options, such as Term Life Insurance and Whole Life Insurance, primarily provide coverage for the owner's death rather than disability. Personal Disability Income also only covers the owner and not the business expenses. Business Overhead Expense, on the other hand, specifically covers the fixed costs of the business, such as rent and utilities, allowing the owner to focus on recovering instead of worrying about their business.

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