The board of directors of an accounting firm had just purchased $3,000,000 of key person term life insurance on a 63-year-old executive officer to help protect their flourishing company. The key executive had recently begun pilot training courses and had fewer than 100 flight hours logged. The term life policy would not cover him as […]
From a disability insurance underwriting perspective, certain occupations require more consideration and finesse than others. One such profession is that of the chiropractor, not as risky as an offshore oil rig worker, but definitely more concerning to disability carriers than an accountant or even other medical specialists. But why? Why are chiropractors difficult prospects and […]
Jamie Fleischner, disability insurance specialist and President of Set For Life Insurance, was kind enough to have our own Tom Petersen as a guest on a recent episode of her Income Protection Journal podcast. Below is a link to the episode where she and Tom discuss why high-net-worth individuals are often disproportionately financially exposed during […]
Business travel accident (BTA) insurance is a common commodity among American companies with international interests and employees that travel throughout the world. Firms purchase BTA policies to financially indemnify employees from unexpected events while on business trips. Policies often include coverage for accidental death, dismemberment, disability and accident medical, but many traditional BTA products have […]
In a predawn raid in central-western Mexico on February 22nd, the infamous leader of a Jalisco-based drug cartel named Nemesio Oseguera Cervantes, nicknamed “El Mencho”, was killed in a gunfight with Mexican military forces. In retaliation, drug cartel members and associates around the country have staged organized attacks on governmental facilities, assaults on military personnel […]
A 55-year-old corporate pilot was employed by a large California tech firm to fly executives and business guests around the country on their large corporate jet. His flight hours were consistent throughout the year, and his annual compensation was $275,000. The pilot was unable to qualify for the firm’s group disability coverage because of his […]
That’s an easy one. The answer is “yes, it is.” DI is the most important line of insurance available to working Americans. So why then is there such an emphasis in this country on the marketing and sales of other products like medical insurance and life insurance while DI sales lag significantly behind? Don’t get […]
Numerous agents and advisors reach out to Petersen International on a regular basis seeking solutions for impaired-risk life insurance that offers more substantial limits than typical guaranteed-issue and final expense policies. Fortunately, we have a growing portfolio of term insurance products that provide high-limit death benefits on impaired-risk cases. The product line is called Failure […]
Petersen International’s Accident Only Medical plan is a valuable tool in providing peace of mind for unique situations when other health insurances are unavailable or insufficient. For U.S. residents temporarily without healthcare, the Accident Only Medical plan is a perfect fit and can be offered for up to a 12-month term of insurance. The plan […]
An orthopedic surgeon and part owner of a successful surgery center in Florida was making $1,200,000 annually. His clinic provided taxable group disability benefits capped at $25,000 per month. He also had an additional layer of individual coverage from a domestic U.S. carrier providing him with another $25,000 per month. Considering the doctor’s growing family, […]