Disability insurance plans from Petersen International
Underwriters (PIU) are generally specialty insurance plans.
Some of the plans are applicable only to those who do not get a
regular disability insurance from a domestic insurance company
or can not get enough. Petersen disability insurance plans are
divided into major categories such as sports disability,
professional disability and other disability situations.
Not available in - MT, RI, WY
Personal Disability Insurance is designed to replace a portion of your lost income.
If you are unable to perform substantial and material duties of your occupation due to an injury or sickness.
When starting a practice, a dentist normally has thousands of dollars of student loans to repay while starting
a new business. Lenders' normally require the dentist to purchase a disability insurance policy which indemnify
to make the loan payments if he or she were to become disabled.
For those working within the movie, television and music industries who become disabled.
In order to insure a Highly-compensated individual at 65% of income, multiple disability income
policies are often required in order to provide sufficient protection. The Executive 400 plan
can supplement your existing disability coverage or provide the entire 65% benefit if you are
unable to obtain any underlying insurance.
Covers accidents and sicknesses that happen worldwide. The amount of coverage is based on your
income today. This plan will provide coverage for the future lifestyle you have worked so hard
for, if you were to become disabled.
Professional pilots must meet minimum health requirements in order to maintain their pilot license.
In some cases a pilot may lose his/her license even if they are not disabled. This plan has been created
to use the licensing authority required by the pilot's employer which guarantees that if the individual
is grounded due to a loss of license from their licensing authority, they will able to collect a benefit
regardless if they are able to meet the minimum standards from other licensing authorities.
This plan will pay to the insured person the equivalent balance of contributions anticipated
by the participant in a retirement plan if they were to become disabled.
When an individual is so highly trained, they are required to perform at the highest level of quality
on a daily basis. With so much at risk, it is important to find protection against disablement. This
plan has been tailored to properly insure against the perils of disability and the premature termination
of a successful career.
Provides income replacement in the event you were to become disabled.
Disability Insurance Solutions Plan – Designed specifically for blue and gray collar clients,
this plan comes with many benefits already included such as recurrent disabilities, transplants
benefits, presumptive benefits and waiver of premium. With limits of $100,000 per month or more
and participation limits up to 75% for personal disability and 100% for business uses, you will
be able to properly protect your income.
Attorneys, Judges and other legal professionals often have incomes that exceed the limits of
the traditional insurance markets. This plan provides primary, supplemental, special risk,
domestic, or international coverage which was developed to help you secure sufficient coverage
in case you were to become disabled.
For highly compensated employees such as Commodity Brokers and Stock Traders, sufficient amounts of
disability insurance can be difficult to obtain from traditional carriers. This plan was designed to
provide men and women with the income replacement coverage they require. With monthly benefits
available up to $100,000 or more and lump sum benefits up to $50 million or more, the incomes
of Stock Brokers and Commodity Traders are easy for us to insure.
This plan allows Chiropractors to continue living comfortably in case a
disability leaves them unable to work.
Provides income for the insured to age 65. If you are totally disabled for a period longer
than 120 months, the policy will pay the remaining monthly benefits to age 65 as a lump
sum without any additional definition restrictions.
An automatic issue policy which provides up to an additional $10,000 of coverage without
underwriting. Persons issued a standard, fully underwritten non-cancellable policy within
the past 90 days are eligible to enroll.
Is designed to offer a low-cost disability insurance option. Since the policy is not underwritten,
premiums are discounted and fees associated with underwriting expenses are reduced.
Entertainers have historically been too risky for traditional carriers to insure due to a variety of
factors such as the many months of unemployment between jobs, or the royalty income that would
inevitably continue even if a client were to become disabled. The StarCover Disability Insurance
Plan has been customized to meet the unique needs demanded by high profile clientele and those
working within the movie, television, and music industries.
Designed for executives of publicly traded companies. Many of the top executives are compensated
via a number of different sources including salary, bonuses, and stock options. If the insured were
to become disabled their annual stock options will no longer be awarded to them. This plan pays a
lump sum benefit of up to five times the last three years annual average stock option awards if you were to become disabled.
For a young professional or key employee buying into ownership. This plan will supplement your income
if you or the established owner were to become disabled during the Buy In.
Prevents the severe financial hardship of your business, by providing coverage in the event
you were to become disabled. This coverage provides vital reimbursement for the monthly
liabilities for which an owner is responsible for such as rent, electricity, telephone, heating,
property, and mal practice insurance in case of the owners' total or partial disablement.
For any company, the sudden disability of a partner can be more detrimental than a
sudden death. In some cases, the disabled partner continues to earn a salary, but
does not contribute positively to the company. Buy Sell disability insurance is
designed to mirror the requirements of the buy sell agreement.
In the months preceding a disability buy-sell, a financial drain can occur on an
organization while the disabled principal is unable to work. This plan provides
security with a monthly cash flow delivered to the firm, which can be used to
assist the firm with their cash flow.
Signing a contract obligates both parties to stand by their initial agreement.
Unfortunately, unforeseen circumstances can inhibit people and companies from carrying
out the terms of their contract. Whether this contract is between a company and employee,
business partners, or divorced couples, almost all contractual relationships can be
considered under this plan.
Key Person Disability Insurance provides protection against the loss of
cash flow and the usual increase in cost when a key employee becomes disabled.
Guaranteed Issue Excess Disability- There are a great deal of highly compensated employees
who have been denied the ability to secure adequate and reasonable amounts of income replacement
in the event they become disabled. This plan can provide supplemental coverage for the entire business firm.
In the event an employee becomes disabled and can no longer work, the employer will continue paying
his or her salary for a specific period of time. Without a plan in place any payments made to a
disabled employee may be deemed a dividend from the employer, creating a significant tax consequences.
This insurance protects the disabled employee by insuring he or she will receive their promised income
in addition to protecting the employer from taking a significant financial loss.
When the termination of an employee places a benefits liability on the employer. Severance
Agreement coverage allows the severed employee to be insured during the period of unemployment
which relieves the employer of the financial liability created by such an arrangement.
Disability Insurance for a student athlete with professional potential to protect
against his/her Loss of Future Earnings as a professional athlete due to a permanent
total disablement that may occur prior to signing a professional contract.
This plan provides a monthly cash benefit in the event of a disability which was a
result of an accidental bodily injury on or off the track or a sickness causing an
inability to participate in your sport.
This plan provides disability coverage to protect an income during periods of
temporary disabilities or in the case of a career-ending disability which was a
result of an accidental bodily injury on or off the course.
In the event of a career-ending disability, this plan is designed to replace the loss
of future income by providing a lump sum benefit when an accidental bodily injury
(on or off the field) or sickness gives rise to your total physical inability to participate in your occupation.
Protects personal income at 65%, up to $20,000 per month. Conditions which are graded are covered at a level benefit of either 80%, 65% or 50% of the monthly benefit amount.