In the world of mergers and acquisitions, venture capital, and investment banking, timing is a paramount concern. In today’s fast-paced corporate environment, key person insurance is often needed immediately upon closing of business transactions to satisfy the concerns of investors and corporate risk managers.
The Contract Protection Insurance product can provide coverage for corporate transactions while traditional life underwriting takes place. It can also be utilized in certain instances where the risk is uninsurable or the period of insurance is simply a short term. Up to $50M of Contract Protection Insurance coverage can be bound in a matter of hours with a one-page application and letter of financial justification. Additionally the policy can also be written to provide a Permanent lump-sum Disability benefit.
With policy terms available from 30 days to 24 months, Contract Protection Insurance offers immediate protection during the underwriting process allowing transactions to close on schedule.