Business Loan Failure to Survive Insurance
Often times there is a desperate need for urgency when dealing with a loan approval and the funding of the loan. Time is always of the essence and unfortunately insurance protection is often times left unattended until the very end.
Policy / Underwriting Information:
- Term of insurance up to 12 months
- Renewals are considered if extended coverage is needed
- No medical exam or medical records required to apply
- A copy of the loan agreement is required • Benefi t amount will not exceed the balance of the loan
Coverage would help when...
- Coverage is needed immediately (24-48 hour underwriting)
- Insurable interests need to remain confi dential
- Completing a medical exam would be an issue
- Proposed insured is temporarily out of the country
- Proposed insured must travel to war zones
- Coverage is needed for a short period of time
- Health issues are a concern
- Issue limits are a problem