Loan Indemnification Disability Insurance

When a bank lends money to a business, the lender will usually require the borrower to provide proof of disability insurance equaling the amount of the loan payments. This insures the lender that should the borrower become sick or hurt, the loan repayment will continue. Often times there is also a desperate need for urgency when dealing with a loan approval and the funding of the loan.

This “own occupation” defined loan disability product provides customized benefits tailored to the client’s loan agreement with a five year term of insurance and benefit periods available up to 120 months.  The goal of Petersen International’s  Loan Indemnification Disability Plan is to satisfy lender requirements while refraining from the appropriation of personal disability benefits which usually become crucial to maintaining a semblance of the lifestyle of the insured and the insured’s family during a time of disablement. Protect your business clients.  Protect their Personal Disability Income benefits.  Inform them of the necessity and the beneficial attributes of Loan Indemnification Disability Insurance. For more information please click here to download our Loan Indemnification Disability Insurance brochure or contact our office for more information.

Accelerated Benefit To Age 65 Plan

The new Accelerated Benefits To Age 65 plan is a radical new concept in the excess disability insurance marketplace. This new product will set premiere agents apart from the rest.

Real Life Cases: Dr. B

The case of Dr. B gives an example of how limits with the domestic disability insurance market may inadequately protect certain incomes and retirement plans. Fortunately, Petersen International offers solutions to these problems.

Real Life Cases: XYZ, Inc.

Real Life Cases: In this edition we illustrate how Group LTD and Individual DI may be insufficient for higher income earners and how our Guaranteed Issue Supplemental Disability Plan can be offered to an employee group or organization.

Real Life Cases: Ms. D

In this edition, we discuss how unusual occupations can cause problems with securing traditional disability coverage, and how Petersen International Underwriters provides solutions for this type of case.

Real Life Cases: Dr. V

This Real Life Case shows how the Petersen International Underwriters’ Loss of Future Earnings Disability Plan can help young professionals who stand to have a significant increase in income later in their careers.

Real Life Cases: Mr. E

This Real Life Case demonstrates how individuals with unique or hazardous professions can have trouble obtaining Disability Insurance through the traditional domestic insurance carriers and the solution that Petersen International Underwriters can provide.

Real Life Cases: Mrs. K

Here is another example of how supplemental disability insurance is often needed to properly and adequately protect ones income.

Real Life Cases: Mr. A

In this episode, we discuss the need for supplemental disability coverage. Even if someone has coverage, perhaps through work, chances are they need more. To not have enough money in the face of a disability is tragic. Make sure your clients have at least 65% of their incomes insured.

International Major Medical

Visitors to the United States are likely astonished by the high cost of medical care in this country. They can easily become financially overwhelmed if they were to suffer a sudden illness or injury and required medical attention while away from their home country. For this reason, Petersen International Underwriters developed the International Major Medical Plan, which provides a financial backstop for necessary medical expenses.

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USAway Major Medical Insurance

When traveling abroad, major medical insurance coverage typically stops at our nation’s borders. In order to financially protect American citizens while traveling or temporarily residing outside of the US, Petersen International Underwriters created the USAway Major Medical Insurance Plan. This plan will cover up to $5 million of necessary medical expenses incurred anywhere in the world outside of the US.

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Residual Disability Insurance

Residual disability benefits play an important role when it comes to the financial recovery of a disabled person. People will usually continue to experience a loss of income after recovering from a disability, even though they might be able to work full time. The delay of financial recovery always falls behind physical recovery. Petersen International Underwriters’ Residual Disability Rider provides a benefit to replace the missing income until the insured is able to become financially sound once again.

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International Term Life Insurance

In many instances, traditional Life Insurance is not available to individuals or groups living or temporarily residing abroad. Whether it’s a professional living in Asia for ten years or a missionary group working in Africa for several months, Petersen International Underwriters’ International Term Life Plan was designed to protect an individual or a group while outside of their home country.

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High Limit Accident Insurance

Traditional life and disability insurance policies can leave many gaps in a person’s insurance protection plan. Whether those shortcomings are from benefit limits or policy exclusions, Petersen International Underwriters’ High Limit Accident plan can fill those gaps and protect a group or an individual against the financial devastation that a death or permanent disability can create.

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Protecting Your Loved Ones

Don’t wait until it’s too late. Now is the right time to learn how disability insurance can help you protect your loved ones from financial disaster.

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Failure to Survive Insurance

When a business interest is contingent upon the life of an individual, timely underwriting of high-limit insurance is key to financially protecting that interest. Petersen International Underwriter’s Failure to Survive insurance plans are designed to protect a business against the loss of those lives critical to a venture and safeguard the firm from financial disaster.

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Guaranteed Issue Disability Insurance – Attorneys

Even with Group LTD and Individual coverage, your clients can still be underinsured. With a supplemental Guaranteed Issue Disability plan through Petersen International Underwriters, you client can adequately protect their income with coverage up to 75% of income.

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Guaranteed Issue Disability Insurance – Executives

Even with Group LTD and Individual coverage, your clients can still be underinsured. With a supplemental Guaranteed Issue Disability plan through Petersen International Underwriters, you client can adequately protect their income with coverage up to 75% of income.

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Guaranteed Issue Disability Insurance – Physicians and Surgeons

Even with Group LTD and Individual coverage, medical professionals can still be underinsured. With a Supplemental Guaranteed Issue Disability plan through Petersen International Underwriters, medical professionals of any speciality can adequately protect their income with coverage up to 75% of income.

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Producer Zone

Petersen International Underwriters has a great tool available for all their producers called, The Producer Zone. The Producer Zone allow producers to view details on New Business, Policies, and Commissions.

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Mugged by a Disability

Becoming disabled is very similar to being mugged. Only when your disabled, your paycheck is stolen from you month after month until you are able to recover. This video illustrates what could happen if you do not properly protect your paycheck.

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Business Disability Insurance

Most businesses have multiple expenses that would greatly impact a company if a key person became disabled. Such expenses include, buy-sell agreements, overhead expenses, loan payments, or simply the loss of a key employee. Business Disability Insurance can help protect your company against such perils.

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Guaranteed Issue Disability Insurance

Even with Group LTD and Individual coverage, your clients can still be underinsured. With a supplemental Guaranteed Issue Disability plan through Petersen International Underwriters, you client can adequately protect their income with coverage up to 75% of income.

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Personal Disability

Disability Insurance is important, but what is even more important is obtaining adequate amounts of disability insurance. This video demostrate the importance of protecting your income.

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Building Block of Income Protection Planning

Many people do not realize the importance of securing their income anchor stone with disability insurance. In this video we illustrate the impact of not secure income replacement, or disability, insurance.

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No Such Thing as a Bad Risk: Special Risk Disability Insurance Coverage

Special Risk Disability Insurance plans for unique insurance risks. Petersen International Underwriters is a Lloyd’s Coverholder specializing in impaired, high limit and excess disability insurance for individuals, groups and business situations.

Debt vs Income Insurance

In this video, we discuss the need for income protection rather than debt insurance.