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Confidential Insurable Interest Life Insurance
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Now a third party individual can insure against
financial loss as a result of the death of another
person, with whom there is an insurable interest.
Unpaid Loans
Ongoing Obligations
- Divorce Settlements
- Child Support
- Pledges
Performance Agreements
- Business Agents or Managers
- Investors
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There must be a documented (written agreement) insurable interest
between the two parties.
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Insure without the knowledge of the insured.
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Insure without medical examination.
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$50,000 minimum - $3,000,000 maximum.
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Will NOT consider blood relatives nor married couples.
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This is an annual policy. Must be renewed annually.
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Age
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Per $1,000
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18-39
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4.00
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40
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4.25
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41
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4.75
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42
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5.25
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43
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5.80
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44
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6.50
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45
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7.20
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46
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7.80
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47
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8.70
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48
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9.50
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49
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10.50
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50
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11.25
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51
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11.70
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52
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12.25
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53
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12.80
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54
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13.50
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55
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14.50
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56
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16.70
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57
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19.00
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58
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21.25
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59
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23.50
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60
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25.50
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Over 60
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Please Inquire
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Annual Premiums Only
$100 policy fee
Minimum Premium - $750 before policy fee
- The definition of death shall mean death from any cause including Insured
Persons being "presumed dead" (with appropriate certificate).
- In the event that the insurable interest between the Applicant and the Insured Person is terminated, Underwriters' liability will cease hereunder from the date of the termination of the insurable interest.
- It is a condition precedent to liability that the Applicant does not know of any
physical and/or medical impairment(s) which would affect the insurability of
the Insured Person.
- Notification of any circumstances known to the Applicant which are likely to
result in a loss must be made within 7 days to the insurer's representative.
- This insurance does not cover death directly or indirectly resulting from or
consequent upon:
- War, invasion, acts of foreign enemies, hostilities (whether declared or not),
civil war, rebellion, revolution, insurrection or military usurped power.
- The life assured engaging in or taking part in Naval, military or Air Force
service operations.
- This policy excludes claims or liability arising from and condition directly or
indirectly caused by or associated with Human T-Cell Lymphotropic Virus
type III (HTVL III) or Lymphadenopathy Associated Virus (LAV) or the mutants,
derivatives or variations thereof or in any way related to Acquired Immune
Deficiency Syndrome (AIDS) or any syndrome or condition of a similar kind howsoever
it may be named.
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This policy does not cover losses directly or indirectly caused or contributed
to by the Insured person being under a state of intoxication from alcoholism or being under the influence of drugs or narcotics that are not lawfully available
unless prescribed by a qualified medical practitioner.
Petersen International Underwriters want you to understand how they protect the confidentiality of non-public
personal information they collected about you.
PIU collects non-public information about you from numerous sources including, but not limited to:
- Information PIU receives from you on applications and other forms;
- Information about your transactions with the affiliates, others or PIU;
- Information PIU receives from consumer-reporting agencies; and
- Financial and medical sources.
PIU does not disclose any non-public information about you to anyone except as is necessary in order to provide
the products or services to you or otherwise as required or permitted by law (e.g. subpoena, fraud
investigation, regulatory reporting, etc.).
You have a right to request access to or correction of your personal information in PIU's possession.
PIU restricts access to non-public personal information about you to PIU's employees, PIU's affiliates' employees or others who need to know that information to service your account. PIU maintains physical, electronic and procedural safeguards to protect your non-public personal information.
If you have any further questions about this privacy statement or would like to learn more about how PIU protects
your privacy, please contact us.
This plan is administered by
Petersen International Underwriters
23929 Valencia Boulevard, Suite 215
Valencia, CA 91355-2186
It is underwritten by Certain Underwriters at Lloyd's that is rated A "Excellent" by A.M. Best.
This is not intended to be a complete outline of coverage. Actual wording may change without notice.
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