FTS Now Available In Texas
Petersen International Underwriters is pleased to announce the Key Person Failure to Survive (FTS) insurance is now available for sales, marketing and purchase in the state of Texas. Residents of the grand state of Texas are now eligible to acquire Key Person FTS coverage which was previously prohibited in that state.
Petersen International is privileged to be able to provide this outstanding business term insurance in the U.S. market. The product is simplified-issue term coverage designed to indemnify companies against the unforeseen death of an owner or key employee by accident or sickness.
The product boasts benefits up to $50,000,000+ per risk, and since there are no medical exam or lab underwriting requirements, policies can be underwritten and issued in a matter of days rather than weeks or months. Furthermore, underwriting methodologies for this product are more liberal than those of traditional life companies, so Petersen can easily consider medically-impaired risks which would normally be declined by domestic carriers.
Additionally, the Key Person Failure to Survive product has the unique ability to insure cannabis-related businesses in states in which the marijuana industry has legal proponents.
Call us today at (800)345-8816 to hear more about the product and to get key person quotes for your Texan clients.