Petersen International Underwriters’ Contributions
SOME OF OUR SIGNIFICANT CONTRIBUTIONS TO THE DEVELOPMENT AND UNDERWRITING OF ACCIDENT AND HEALTH INSURANCE
2017 – Instrumental in passing bills that amended previous legislation prohibiting the sale of special use disability insurance in South Carolina.
2016 – Instrumental in passing bills that amended previous legislation prohibiting the sale of special use disability insurance in Colorado.
2015 – Created the first High Limit Disability plan with a 10 year policy term.
2015 – W. Harold Petersen was elected into the Insurance Hall of Fame in Iowa.
2015 – Created a Graded Benefit disability plan for medically substandard cases.
2015 – Instrumental in passing bills that amended previous legislation prohibiting the sale of special use disability insurance in Maryland.
2015 – Developed the Short Term Medical plan.
2015 – Instrumental in passing bills that amended previous legislation prohibiting the sale of special use disability insurance in South Dakota.
2015 – Created the first income protection plan to cover Stock Option compensation.
2014 – Enhanced the Accelerated Benefit plan to age 70.
2014 – Developed a special disability plan for the NFLPA.
2013 – Created the Accelerated Benefit To Age 65 plan.
2013 – Developed a 10 Year Disability Benefit Period.
2012 – Instrumental in passing bills that amended previous legislation prohibiting the sale of special use disability insurance in Iowa and Nebraska.
2011 – Launched a suite of online producer tools designed to streamline production.
2010 – Developed the Professional Equity Guard Plan to protect professional sole proprietor companies.
2009 – Developed and introduced the industry’s first Disability Financial Planning Portfolio.
2008 – Introduced contingency insurance plans for Disability, Failure to Survive and Non-Appearance cases.
2006 – Instrumental in passage of bill in New York to amend the insurance law in relation to salary protection insurance.
2005 – Founding member of the International DI Society dedicated to preserving the Disability Insurance Industry
2003 – War & Terrorism Insurance created for persons who have accepted work assignments in Afghanistan, Iraq and other danger areas.
2002 – Launched group excess disability plans for highly compensated employees. Wrote the white paper, “Disability Insurance In America.”
2001 – Developed the first severance agreement disability plan.
2000 – Coverage to insure Venture Capitalists loss due to disability of Key persons, and Severance Benefits for persons disemployed due to merger and Acquisition.
1999 – Increased Maximum Benefit on International Major Medical Plans to $5,000,000 per person
1998 – Binding Authority at Lloyd’s increased to $20,000,000 per person
1997 – Professional Athletes Disability Insurance Benefits in force exceeds 800 million dollars.
1996 – Developed special plans of disability insurance that are sponsored by the Country Music Association and by the National Hockey League Players Association.
1995 – Created an Entertainment Division to underwrite a menu of “Entertainment Disability Plans” for persons in the field of entertainment: Disability, Medical, Non-Appearance and Event Cancellation.
1994 – Developed Umbrella Major Medical Plan for persons wanting greater coverage than provided by their existing plan.
1993 – Created special Disability Plans for Entertainers and Professional Athletes.
1992 – Developed Kidnap/Ransom Insurance, Confidential Life and Special Use Term Life Plans. Wrote the paper, “Income As An Asset.”
1991 – Developed, “The Bridge Plan”, a substitute Medicare Plan for U.S. citizens and foreign nationals while awaiting eligibility to participate in Medicare.
1990 – Admitted to do business in Canada. Wrote the book, “The Disability Insurance Tax Digest.”
1989 – Created, “The International Major Medical Plan” for U.S. citizens and foreign nationals while traveling or living in other countries.
1988 – Binding authority at Lloyd’s raised to $10,000,000 per person. Wrote the book, “Cashing In On Cash Value Disability Insurance.”
1987 – Produced and published the books, “The Untold Truths about Disability Insurance” and “Life Is Just A Cash Flow.”
1986 – Developed the “Disability Financial Planning Course”, leading to designation of Disability Financial Planner (DFP).
1985 – The National Association of Health Underwriters named W. Harold Petersen, RHU, President of Petersen International, recipient of the Harold R. Gordon Memorial Award, the Health Insurance Industry’s highest accolade.
1983 – Appointed as a Correspondent to Lloyd’s with in-house authority up to $5,000,000 per person.
1979 – Licensed and functioned as Surplus Excess Lines Broker and Registered Administrator.
1973 – Became the nation’s largest producer of Return of Premium disability plans.
1972 – Developed multiple life discount premium plan for endorsed mass marketed plans.
1971 – Created and underwrote the first Residual Disability Benefit Plan.
1968 – Introduced payroll deduction, life and disability plans for government employees.
1964 – Created the “Health Insurance in Business Planning Course”; overhead expense, buy-sell, key-person and loan indemnification.
1963 – Created the unique “Health Insurance Training Course” with emphasis on disability insurance.
1962 – Developed first successful Disability Cash Value and Refund of Premium Plans.
1961 – Created an underwriting facility for high limit disability insurance combined with comprehensive underwriting system to extend coverage to substandard and unusual occupational risks.
1960 – Established Underwriters National Assurance Company, a legal reserve life insurance company, which specialized in disability insurance.
1959 – Established Advanced Health Underwriting Seminars at leading universities: Purdue, Florida State, Notre Dame, Indiana, Butler, Michigan State, USC, Tulane.
1958 – Created the Disability Insurance Training Council Study Course for agents and brokers.
1957 – Established Accident and Health Division, American United Life.
1952 – Established Special Risks Department, Mutual of Omaha, Reinsured at Lloyd’s.
1950 – Design of the very first policies to qualify under the sweeping California Minimum Benefits Law.
1948 – Developed premium ratings on Disability Insurance to accommodate the insuring of sub-standard risks.