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RESOURCES - Life
Short Term Failure To Survive
In a fast paced world of mergers and acquisitions, it is important to have insurance coverage readily available for contractual situations in which it is required. Madison Brokerage provides corporate failure to survive coverage as an alternative to traditional life insurance.
We can secure failure to survive coverage for corporations with an immediate need that is typical when one company is acquiring another. Coverage is also available for expatriates living and working overseas where traditional coverage is not available.
Coverage Includes:
- Accident & Sickness
- Must be Third Party Owned with Contractual Obligation
- War and Terrorism Coverage
- Benefit amounts exceeding $30,000,000 per person
- 24 Hour, Worldwide Coverage
- Policy Terms of 30, 60, 90 days or up to 2 years
- Coverage can be bound same day with no Medical Exam required
CASE STUDY
A global electronics firm was on the verge of completing the purchase of a shipping company to leverage their product distribution. As part of the contract of sale, the business leader of the distribution company needed life insurance to complete the deal. Because of the large sum insured, it was unlikely the traditional life coverage applied for would be completely underwritten in time. Madison Brokerage was able to secure a $10,000,000 Failure to Survive Policy for 30 days so that the sale could be completed on time. |
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