The use of Lloyd’s of London personal lines coverage has seen an increase in recent years. One reason is due to the realization by employers that benefit options must address the needs of their diverse workforce which includes protecting highly-compensated key employees with an equitable disability benefits solution. Remaining competitive by attracting and retaining key […]
Petersen International prides itself on its customer service. And that attention to service doesn’t end at the quick turnaround of insurance quotes, flexible underwriting or policy servicing by our helpful and professional staff. We also strive to make the paying of premiums as easy and as comfortable as possible for the agents we work with […]
A 61-year-old executive business owner was in the process of setting-up a proper financial succession plan with his younger business partners. They had formed a legally binding buy/sell agreement to settle the purchase of corporate shares and payoff families in case one of the partners suddenly died or became permanently disabled. Life insurance policies were […]
Petersen International is extremely pleased to announce we can now write business disability insurance programs in the state of New York. The legislature for the state of New York as well as Governor Cuomo have officially signed bill S5760-A into law. Known as Catastrophic Business Disruption Insurance, the bill allows for business disability insurance to […]
Several weeks back, my wife brought to my attention a casting call in the local newspaper for a major Hollywood production. “Extras needed to play soldiers!” Sensing my wife and daughter’s excitement, I agreed to email an inquiry with my picture and gave it little further thought. To my surprise just hours later, I had […]
When marketing and selling disability insurance, one magazine article, one blog entry, one flyer, one digital or print advertisement or one client meeting is not going to cut it. Perseverance is key. Petersen International has been in the disability business for more than 40 years, and one of the most important things we have learned […]
A 34-year-old general dentist was purchasing an established dental practice from his retiring mentor. For the purchase, he sought out a new practice loan from a large bank. As part of the many closing requirements of the lender, the borrower was instructed to acquire and assign disability insurance benefits to financially indemnify the loan repayment […]
COVID-19 vaccinations have proven to substantially quell the Coronavirus pandemic that has affected all of our lives for the past 18 months and closed borders in much of the world. With infection and death rates greatly lowered from a year ago, many national borders and infrastructures are beginning to reopen, not only in the United […]
Since 1953, the Small Business Administration, a federal government agency, has sponsored capital lending programs for small business owners and entrepreneurs, becoming a cornerstone of financial support of the American business world. The SBA partners with various categories of lending institutions including public and private banks and credit unions to offer financing in the form […]
A 46-year-old commercial airline pilot felt rightfully underinsured with his only form of personal income protection being a group long-term disability plan sponsored by his employer. With an annual income of $350,000, this top-tier aviator with significant seniority was unfortunately capped by the airlines’ LTD policy at 50% of his income. It was hardly enough protection to […]