
Contract Protection Insurance (CPI)
IDU’s Contract Protection Insurance (CPI) provides Any-Cause Death Benefits on a key person(s) crucial to the successful execution of a contractual agreement. With no medical requirements other than an application, the streamlined nature of the underwriting process enables placement of these policies within 48 hours or less. When dealing with time-sensitive contractual business obligations the ability to secure coverage quickly and seamlessly can mean the difference between a successful business venture or a costly delay.
Product Highlights
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Total Death Benefit up to $50M and higher​
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Policy Terms: 60 days up to 2 years​
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Death Any-Cause Lump Sum Benefit
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Coverage Renewable
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Coverage Available 24/7 Worldwide
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Third Party Owner & Beneficiary
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Coverage requires Contractual Agreement
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NO MEDICAL EXAMS REQUIRED!

IDU Real Life Solution
Client Situation:
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The Ventures Group, a MA based private equity firm conducts 25-30 large transactions per year. Their most recent acquisition was the purchase of a nursing home supply company for $100M. This purchase is being financed with an $80M 10-year note. The two 50/50 partners and selling owners have agreed to both work at the new organization for a minimum of 1 year. The Ventures Group is concerned if one of the two current owners dies prior to the completion of this transaction or any time during the next year, they will be left unsecured. Securing insurance coverage on the two owners of $40M each is needed now to protect the contractual business obligations
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Owner 1 - Male, Age 50
Owner 2 - Male, Age 55
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Traditional Market:
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An insurance solution for this scenario may or may not be available in the traditional insurance market. Even if available domestically, the underwriting process, timeline, medical requirements, and potential adverse underwriting decision may mean the solution cannot be effectively implemented or implemented at all.
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IDU Solution:
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The Ventures Group was able to secure two $40M CPI Death Benefit Any-Cause coverage plans for both insureds in one week. This coverage was purchased without any knowledge or participation from either insured. With no medical requirements needed, The Ventures Group supplied an application, a copy of the purchase & sale agreement and the employment contracts. With these types of transactions and the knowledge of this large financial vulnerability, The Ventures Group has taken the simple step in transferring this risk with IDU’s CPI Solution.
IMPORTANT DISCLOSURE: This is not an exact description of coverage.
The benefits, limitations and/or exclusions described are for general illustration purposes only and may vary by state and client profile.