Petersen International Underwriters
Petersen International Underwriters, the California-based specialty insurance underwriting and marketing firm, is pleased to announce the launch of its new simplified issue disability insurance program for lower-income markets.
The product was designed to provide affordable, comprehensive, “own occupation” income protection to modest income earning Americans, and offers a variety of elimination and benefit periods to suit individual client needs. This new disability program is also a perfect fit for part-time employees and those with preexisting medical conditions or hazardous occupations.
But according to Thomas Petersen, vice president of Petersen International, “The most intriguing feature of this new product is that of simplified issue, individual disability underwriting. We have streamlined the traditional underwriting process, allowing policies to be approved and issued in a matter of days rather than weeks. Also, applicants aren’t required to go through exhaustive medical exams or lab work.”
Petersen believes that the new simplified issue disability insurance plan is the next step in expanding and diversifying the disability income industry. Those who have been historically underrepresented as DI consumers are now able to acquire an appropriate and affordable insurance plan.
Petersen International Underwriters is a coverholder at Lloyd’s, specializing in excess and specialty disability insurance programs for individuals and corporations.
