Great Ideas for Unique Insurance Sales Opportunities: Bank Loan Contingency Life

Contingency Life

Take the case of…

… Mr. Real Estate Developer who had a project that he needed to get funded. The lender was requiring life insurance to be in place on the key person. Two years ago Mr. Real Estate Developer had a bout with cancer, making him unable to find a life carrier willing to offer him coverage. In hopes of closing the deal by the end of the month and apparently out of luck, Mr. Real Estate Developer’s agent called Petersen International Underwriters on a Thursday afternoon looking for help. Jumping into action, Petersen International Underwriters quoted $5,000,000 of coverage using our Bank Loan Contingent Life Plan.