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 […]
It is with mixed emotions, but mostly great happiness that Petersen International would like to announce the retirement of Terie Garcia, one of the earliest and currently longest-standing employees at Petersen International. I know I speak for the rest of my colleagues and Terie’s co-workers when I say this inevitability is truly bittersweet. Although we are excited […]
Petersen International Underwriters is pleased to remind you that the 17th annual national conference of the International DI Society will commence, in-person this year, on October 11, 2021 in Dallas, Texas at the highly-rated Dallas/Addison Marriott Quorum Hotel. The association has an incredible line-up of guest speakers this year including Diane Boyle, SVP Government Relations, […]
Please enjoy the following recording of Petersen International’s own Tom Petersen as a special guest of Chris Carlson on a recent episode of the DI Coach Podcast. Their frank and enlightening discussion hits on various topics including the future of the Lloyd’s marketplace, conducting profitable business during a hard market and current trends of the […]
Over the years, I have written periodically about disabilities that have unfortunately occurred in my family to which having or not having various types of insurance made the difference between disaster and financial stability. In one disastrous case, a dive instructor and dive store owner was hit by a drunk driver, causing severe injuries, necessitating […]
Welcome to Disability Insurance Awareness Month 2021. The last 14 months have seen much change to our country with numerous alterations to how many industries conduct business. Although social distancing, working from home and video conferences are the new normal, increases in vaccination rates have given way to lower COVID infection rates and deaths around much of […]
The common definition of a high-net-worth individual (HNWI) among economists, bankers and financiers is someone with liquid or investable assets of at least $1,000,000. That certainly doesn’t encompass most Americans, but unrecognized by many in the financial services industry, it does include a broad swath of prospective clientele, everyday searching for additional financial protection options […]