Buy/Sell Plus – One Policy, Two Benefits
The Buy/Sell Plus disability insurance program is an innovation available only through Petersen International Underwriters. This standalone DI product marries key person disability benefits with a traditional buy/sell disability policy. You now have a source that can provide your corporate clients with the perfect balance of short and long-term benefits, properly addressing their business insurance needs.
The Buy/Sell Plus plan provides “own occupation” permanent total disability benefits that are flexible, designed to fund the specific requirements of the varying terms of executive buy/sell agreements. Like other disability buy/sell products, after elimination periods of 12, 18 or 24 months, the Buy/Sell Plus pays benefits along a lump-sum or monthly-payout chassis. What sets the Buy/Sell Plus apart is the key person portion of the program which takes place on the front end of the policy.
If one of your business clients were to become a victim of a long-term disablement, their company would ultimately find itself in turmoil, subject to vast economic and organizational change without the daily leadership and guidance of the owner. The most effective strategy to hedge early corporate losses while awaiting the eventual buy-out of the company is the employment of key person disability insurance.
Petersen International’s Buy/Sell Plus program provides an important key person disability benefit on the front end of the buy/sell. The key person portion offers short elimination period options to allow much needed capital to flood a business in transition with monthly benefits that mirror the elimination period of the buy/sell portion. The Buy/Sell Plus offers a comprehensive benefits platform with two crucial plans rolled into one policy.
With the Buy/Sell Plus, your clients will be purchasing two important disability benefits requiring only a single underwriting term. Two benefits – one application, one price. The Buy/Sell Plus will save your clients both time and money while protecting the financial future of the businesses they have grown and hold dear. Call Petersen International at (800)345-8816 for a complete outline of coverage illustrating the unique benefits of the plan. If your client is in the market for buy/sell disability coverage, look no further than the Buy/Sell Plus program.