Short Term Contingent Life/Disability Insurance

Short Term Contingent Life and/or Disability Insurance is the ideal solution for Key person needs and when time is of the essence. When it takes traditional life and disability insurers on average of 60 days to underwrite new application, this delay can often prevent pivotal business deals from concluding in a timely way. Mergers, acquisitions, infusions of venture capital or the close of escrows are often times held up due to this type of underwriting delay. The Short Term Contingent plan provides coverage for 30, 60 or 90 days and is available for third party business situations only.

Common Uses Short Term Contingent Life Insurance would be appropriate for clients that... have a history of drug use have recently been charged with DUI need coverage effective immediately do not want to secure Life coverage are afraid of needles and are not willing to take the standard life insurance exams are on assignment in a foreign country and are not able to secure a policy must travel to War Zones, causing the traditional insurance carriers to decline the application

Take The Case Of... A 38-year-old venture capitalist whose firm was being purchased for a very large sum of money. The purchasing company wanted to insure their investment for $100 million of insurance. The closing of the deal was pending and the amount of time it would take to underwrite a case of this size would be too long. We offered Short Term Contingent Life as an alternative and within five days had the order completed for $100 million.