Great Ideas for Unique Insurance Sales Opportunities: Loan / Lease Indemnification
Disability Insurance For Loan / Lease Indemnification
Take the case of …
An entertainer has agreed to lease for 12 months a private jet. This provides him with the ability to do his live concert tour with the most convenience. The leasing company realized that it would be prudent to require life and disability insurance to indemnify this lease. If he could not perform then he would not have the money to pay for the lease. The lease was for $120,000 per month for 12 months.