Contract Protection Insurance - Life Insurance Cover

Our Contract Protection Insurance

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.
Product Usages
- Buy Sell Contracts
- Key Person Protection
- Loan Agreements
- Mergers & Acquisitions
Requirements
- 3rd Party Owned/Beneficiary
- Disclosure of known medical concerns or adverse risk details
- Contract in place between Insured and Policy Owner
- Coverage Confidential
- Benefits not to exceed Contract Non-Performance
Key Features
- Policy Terms from 30 days up to 2 years
- Coverage Renewable
- Own Occupation Definition of Disability
  - Insured is unable to perform the substantial & material duties of their regular occupation
- No Medical Underwriting Requirements beyond Application
- Available Riders
  - Lump Sum Disability Benefit
- Confidentiality waivable with underwriter approval
- Coverage 24/7 Worldwide
Target Markets
- Lending Organizations
- Entertainment Professionals
  - Producers
  - Studios
  - Event Organizers
  - Managers
- Advertising Agencies
- Sponsors
- Public Relations
- Mergers & Acquisitions
- Venture Capitalists
- Business Owners & Corporations