Prospective Markets Include
- Talent Agents
- Business Managers
- Product Sponsors
- Media Producers
- Venture Capitalist
Confidential Failure to Survive
The Confidential Failure to Survive insurance plan was designed to provide insurance benefits which would indemnify contractual obligations between third parties. This unique plan of insurance allows for coverage to remain confidential in that the owner of the policy will acquire the coverage without the need for the insured to conduct a medical exam or sign the application.
In order for coverage to be considered by underwriters the policy owner must provide contractual justification for such insurance. A written agreement between the two parties becomes the essential element of underwriting Confidential Failure to Survive. An annual review of the financial agreement is required for renewal. Coverage is offered on an annual basis, yet shorter terms are also available. Confidentiality is a critical component to the successful underwriting of this plan.
Top Coverage Needs
- Talent Agents who need to protect their income source
- Business Managers who rely on the earning capability of others
- Sponsors who have a great deal of money at risk for promotional purposes
- Advertisors with celebrity spokespersons
- Media Productions with contracted key players
- Venture Capital Investors relying on a key person
- Bank or Personal Loans that depend on the financial health of the borrower
Frequently Asked Questions
Are there minimums or maximums that I can purchase on the insured?
Benefits can range from $100,000 to $20,000,000 or more.
Can I purchase coverage on my spouse?
No, the moral risk of insuring a spouse is too high. We are able to insure an ex-spouse to cover any alimony or child support payments.
How long does underwriting take?
Underwriting normally takes 2-3 days.
Can I purchase coverage on anyone?
No, the coverage can only be purchased where there is clear financial justification such as a contract.
- Suicide, intentional self-injury or the voluntary disappearance of the insured person.
- Active participation in terrorism or war.
- Nuclear, biological or chemical exposure as a result of terrorism or war.
- While committing or attempting to commit a felony.
- 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.
- Taking of illegal drugs, or addiction or misuse of prescription or non-prescription drugs.
- 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.
- 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.
FOR ADDITIONAL INFORMATIONInsubuy®, Inc.
4200 Mapleshade Ln, Suite 200
Plano, TX 75093
Phone: (972) 985-4400
Fax: (972) 767-4470
Version: CFTS 02/01/2015