Executive 400 Disability Insurance Plan
The Executive 400 Disability Plan was designed for the white collar market and has issue limits of $100,000 per month or more with participation limits up to 75% for personal disability and 100% for business uses.
This plan may be used as:
- Primary Coverage
- Excess / Supplemental Coverage
- Special Risk Coverage
- Domestic Coverage
- International Coverage
Company executives and other powerful employees without proper insurance coverage are risking financial ruin in the face of a disability. Working in a specialty occupation sometimes necessitates a High Limit Disability Insurance Plan. Unfortunately, for a highly compensated executive, sufficient amounts of disability insurance can be difficult to obtain from traditional carriers.
Take The Case Of…
Mr. S, age 43, a successful businessman with a wife, three children and an annual income of $300,000. Although he had the maximum monthly disability benefit available through the traditional carriers, it only offered a 47% replacement of his income. This would not be enough income replacement to cover his mortgage, living expenses and the private education tuition for his three children. Who would offer an additional $4,500 per month in disability benefits to bring his disability portfolio to 65% of his income? The answer is Petersen International Underwriters.
Disability insurance is one of the most important parts of a secure financial plan especially for highly compensated executives. PIU designed the High Limit Executive 400 Disability Insurance Plan with the white collar market in mind. This plan allows white collar executives to maintain their standard of living in case an injury or illness leaves them unable to work. With high issue limits and generous participation limits our Executive 400 Disability Insurance Plan will provide income security for your highly compensated clients. Disability insurance is invaluable for any person in any occupation; a plan like this one will ensure clients can continue their standard of living despite a debilitating accident or sickness. PIU has over 50 years of underwriting experience; we will help you expertly explain disability plan options to your clients to adequately protect their incomes.