Buy/sell disability insurance is an integral part of any proper business succession plan, providing monthly or lump sum proceeds to a business owner with the explicit intent to purchase corporate shares from a permanently disabled partner; essentially allowing a healthy owner or owners to buy-out a disabled partner’s interest in the company. A problem that […]
Like the easily recognizable names in Hollywood, professional athletes have become some of the most famous faces in the world and important representatives of the many-multi-billion dollar sports entertainment industry. Their performances and physical prowess have brought them not only fame, but astronomical incomes. Pro athlete contracts have reached meteoric heights in recent years, comparable […]
U.S. public and private school Spring Break holidays are right around the corner and millions of Americans of all ages will be traveling as families, as individuals and as part of student groups throughout the country and beyond. Many are embarking upon these journeys without a firm grasp of the hazards that might lie ahead. […]
I have a great affinity and enthusiasm for income protection insurances and the often-underestimated value of disability coverage. Like many other DI advisors in the industry, Petersen International tends to regularly sing the praises of personal DI as well as buy/sell and business overhead expense disability benefits, which in standard form, are readily available to […]
It has been a year since the Russian army invaded the nation of Ukraine, decimating many military and civilian targets along the way with bombs, bullets and missiles. Currently, Russian forces maintain control in the Crimea and several regions in the eastern parts of the country. Shelling of military targets and destruction and disruption of […]
I surmise most of you are independent insurance brokers and general agents with practices focused on individual benefits and estate planning services. Rarely, if ever, do most of you venture into the group and employee benefits sectors, but it wouldn’t hinder your business at all to consider looking there once in a while. The experience […]
Disability income insurance is absolutely imperative to professional aviators. Whether a pilot flies for a commercial outfit, is self-employed as a crop duster, provides transport for corporate executives or does heavy-lift work in a helicopter, the reality of disablement exists among every class of aviator. Due to accident or illness, there is always an imminent […]
As you weigh the pros and cons of disability insurance products from various carriers, be mindful that not all income protection policies are created equal, and wordings, definitions and claim viability can vary drastically, even amongst differing sources from the same marketplace. Most high-limit, excess disability and impaired-risk disability products stem from the venerated Lloyd’s […]
Accidental death insurance seems quite simplistic in nature, without the need for much explanation or fanfare. However, you might be surprised to learn the true broad perspective of the coverage and the many helpful attributes of a relatively inexpensive accidental death insurance plan. In a rapid technologically developing world as busy and “travel centric” as […]
2022 seemed to flow as I predicted in this article a year ago. Since it has been a year, let me repeat a few of the key items discussed in January 2022 so that the current comments can make more sense. The insurance industry follows a cycle from hard to soft markets. This is a […]