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Life Insurance- International and High Risk Term Life – Coverage in 48 hours

In terms of business partnerships, trade opportunities and merging companies, the world gets smaller every day. This means that people travel more frequently which makes International Term Life Insurance protection increasingly important. Unexpected complications that are not covered by traditional insurance carriers can occur while travelling or living abroad. We have developed the International & Special Use Term Life plan to make sure those in need are covered in case the unexpected happens.

Each person’s situation is different and we will develop a plan with flexible term lengths and high benefit limits to fit your needs. From business people to journalists, the International & Special Use Term Life plan will ease the worries of those traveling or living abroad. As international travel becomes progressively more common, the necessity for International Term Life grows. Our plan will financially protect individuals, their families and their businesses anywhere in the world they may travel.

Take the Case of…

Meet Tom White. Tom is planning to serve as a missionary for the next three years in Southeast Asia. He is looking for $500,000 of coverage for estate planning and loss of future income purposes in order to provide financial security to his family. We easily accommodated him with an International Term Life policy that covered him for the 3 years he would be out of the United States.

Each person’s situation is different and we will develop a plan with flexible term lengths and high benefit limits to fit your needs. From business people to journalists, the International & Special Use Term Life plan will ease the worries of those traveling or living abroad. As international travel becomes progressively more common, the necessity for International Term Life grows. Our plan will financially protect individuals, their families and their businesses anywhere in the world they may travel.

These might be situations where your neighborhood State Farm, Farmers, Allstate or other captive life insurance agents may not be able to provide coverage for this high risk scenario. I’m can get a policy in force within 48 hours.

I help clients obtain life insurance with other unique high risk cases like…

Inability to Complete Medical Exam Requirements
Unusual Income Issues
Unique Contractual Obligations
Health Issues
Divorce Decrees
Hazardous Occupations
International Risks

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, we can put an International Term Life Plan in force to protect an individual or a group while outside of their home country.

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.

Business Loan Failure to Survive

This unique insurance protection was designed to indemnify a lender for the balance of money at risk given a contractual business loan agreement. A premature death or disablement of the borrower will usually trigger an immediate call on the loan. The protection of other business assets becomes even more essential during this type of situation.
Often times, there is a desperate need for urgency when dealing with a loan approval and the funding of the loan. Time is always of the essence and unfortunately insurance protection is often times left unattended until the very end.

Buy-Sell Failure to Survive

Any business with two or more owners should seriously consider having a buy-sell agreement in place. Once the buy-sell agreement has been established then there is the important need to provide a mechanism for funding the transfer of ownership. It is the unexpected situation of a pre-mature death or disability which normally is the cause for alarm. The firm’s assets are at risk and it is the job of the Buy-Sell Failure to Survive Plan to provide a solution to this situation.

Key Person Failure to Survive

The majority of companies have key people who are essential to the success of the business. Whether these people are valuable because of their expertise, power, innovation or information, if they are uninsured, their death or disability would bring financial insecurity to the company. Help your clients relieve the worry by protecting their financial security with Key Person Failure to Survive Insurance.

Kidnap and Ransom

By obtaining this type of insurance, travelers are covered for kidnapping, extortion, detention and hijacking.

Imagine this hypothetical: your loved one has just been released from an abduction. The private negotiator was successful; the consultants you hired for interpretation and public relations did their jobs; the ransom was paid. You can go home.

But now the reality sets in. You’ve liquidated your assets to compile the ransom, which thankfully wasn’t lost during the delivery. The debt you’ve accumulated from travel expenses, communications costs, security and other professional fees is enormous, and the future expense of physical, psychiatric and medical rehabilitation along with legal counsel will be an incredible financial burden. If you had purchased a kidnap and ransom insurance policy, you could have recouped these expenditures.

Take the Case of…

An individual with the HIV virus was declined coverage by their neighborhood life insurance agent for their Failure to Survive policy. The individual has a business and needs a policy to collateralize a small business loan of $800,000. If he doesn’t get it, he will lose everything. We were able to put a policy in force within 48 hours.

An individual with Hopkins lymphoma is uninsurable for another 3 years. He needs $400-$600k for his business loan. If he does not obtain the loan, he will lose his building.

A software company looking needed $12M of key person coverage for one of their owners. The owner was leaving in a week for his honeymoon in Europe and the other owner wanted the coverage in-force before his trip.

We specialize in securing coverage for these types of high risk situations. These situations require a one page application to the carrier and we will get you a response within 24 hours.

US State Department Travel Alerts and Warnings

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