Our Contract Protection Insurance
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One of the most unique and creative products in the Lloyds space, IDU's Contract Protection Insurance provides Any-Cause Death Benefits for Key Persons with no medical underwriting requirements beyond an application. The streamlined nature of the underwriting enables IDU to place a death benefit policy within 24hrs or less, which, when dealing with sensitive contractual business agreements, can be the difference between success or a costly failure.
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Product Usages
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Buy Sell Contracts
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Key Person Protection
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Loan Agreements
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Mergers & Acquisitions
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Buy Sell Contracts
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Requirements
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3rd Party Owned/Beneficiary
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Disclosure of known medical concerns or adverse risk details
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Contract in place between Insured and Policy Owner
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Coverage Confidential
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Benefits not to exceed Contract Non-Performance
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3rd Party Owned/Beneficiary
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Key Features
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Policy Terms from 30 days up to 2 years
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Coverage Renewable
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Own Occupation Definition of Disability
- Insured is unable to perform the substantial & material duties of their regular occupation
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No Medical Underwriting Requirements beyond Application
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Available Riders
- Lump Sum Disability Benefit
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Confidentiality waivable with underwriter approval
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Coverage 24/7 Worldwide
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Policy Terms from 30 days up to 2 years
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Target Markets
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Lending Organizations
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Entertainment Professionals
- Producers
- Studios
- Event Organizers
- Managers
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Advertising Agencies
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Sponsors
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Public Relations
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Mergers & Acquisitions
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Venture Capitalists
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Business Owners & Corporations
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Lending Organizations