Business Loan Failure to Survive

For

• Business Bank Loans
• Venture Capital Investments
• Mergers & Acquisitions
• Short Term Coverage

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. The speed in which the Bank Loan Failure to Survive plan can be underwritten and bound usually can be measured in hours as opposed to days or weeks. Most applications are ready for issue within 24 - 48 hours. A one page application along with a copy of the loan agreement which provides the financial justification is as simple as it gets.

• Term of insurance up to 12 months
• Renewals are considered if extended coverage is needed
• No medical exam or medical records required to apply
• A copy of the loan agreement is required
• Benefit amount will not exceed the balance of the loan

• Coverage is needed immediately (24 - 48 hour underwriting)
• Insurable interests need to remain confidential
• Completing a medical exam would be an issue
• Person(s) to be insured is temporarily out of the country
• Person(s) to be insured must travel to war zones
• Coverage is needed for a short period of time
• Health issues are a concern
• Issue limits are a problem

1. Suicide, intentional self-injury or the voluntary disappearance of the insured person.
2. Active participation in terrorism or war.
3. Nuclear, biological or chemical exposure as a result of terrorism or war.
4. While committing or attempting to commit a felony.
5. Any emotional or psychiatric problems, including but not limited to neurotic disorders such as anxiety, phobias, depressions, dissociative disorders and obsessive compulsive disorders; psychotic disorders such as schizophrenia, paranoid psychosis and affective disorders; and personality disorders such as sociopathic personality.
6. Taking of illegal drugs, or addiction or misuse of prescription or non-prescription drugs.
7. Alcohol abuse or addiction, being under the influence of alcohol, as defined by the vehicle code of the state or province in which the offense has occurred.
8. Human Immune Deficiency Virus (HIV), Acquired Immune Deficiency Syndrome (AIDS), AIDS Related Complex (ARC) or any virus, complex or syndrome that is related to the foregoing or any sexually transmitted disease.

This is not intended to be a complete outline of coverage. Actual wording may change without notice.
Underwriters reserve the right to modify terms and benefits at time of underwriting.

Please complete the Paper Application and either fax it to +1 (972) 767-4470 or email it to ofni.

FOR ADDITIONAL INFORMATION

Toll Free: +1 (866) INSUBUY
Phone: +1 (972) 985-4400
Fax: +1 (972) 767-4470
Website: www.insubuy.com

Version: BLFTS 11/01/2017