Impaired-Risk Solutions Part 1 – Disability
Petersen International Underwriters specializes in niche disability, life, accident and health insurance products. And we take pride in the fact that our forte is the hard-to-place personal and business disability market, as we are adept in underwriting flexibility. Our liberal-leaning risk analysis methodologies allow us to excel in getting traditionally substandard clientele properly insured.
Longevity has generally been increasing around the world in the last half-century, especially among developed nations. Reports illustrate that fewer people are using tobacco products in the U.S. and more are exercising on a regular basis. Medical sciences are ever evolving and improving. Prescription medications are extremely prolific and able to address health concerns like never before. Despite all the positive feedback, American diets and fast-paced lifestyles continue to create serious health concerns in this country.
Saturated fats, carbohydrates, sugars and sodium-laden cuisine have helped to make obesity an American epidemic which in turn has given rise to record levels of persons living with diabetes and heart disease.
We recognize that we are all fallible, as we are all human. Your clients have health issues like anyone else, which may ultimately pose underwriting roadblocks when they decide to take that thoughtful step and apply for disability insurance. Traditional DI carriers tend to be conservative along all facets of their underwriting processes. Our disability products and underwriting methods are more flexible than most companies, allowing long-term income protection offerings to those who would normally be declined by the standard market due to adverse physical and mental health conditions, substance abuse histories, risky avocations, foreign residences or hazardous occupations.
Substandard disability cases are a large part of our regular day-to-day business. We can offer “own occupation” disability coverage to your clients that unfortunately have cardiovascular issues, cancer histories, diabetes, even those with chronic conditions like multiple sclerosis and HIV. Our policies offer a variety of benefit options including long-term monthly benefits and lump sum permanent disability benefits.
Another key feature of our DI programs is that underwriters don’t subscribe to the Medical Information Bureau (MIB), which allows peace of mind knowing that applications and medical files won’t be shared by Petersen International with other insurance companies.
When your disability insurance clients are declined or postponed by the standard DI market, Petersen International should be your next stop to get them the best in income protection. Please contact our disability department at (800)345-8816 to learn more about how we can help you properly serve impaired-risk clientele.