Business case gone sideways? We can help!

Business case gone sideways? We can help!® !

Advisors who work in the business market can attest that this niche can sometimes prove to be extra challenging.  Have any of these scenarios ever happened to YOU?

  • Uninsurable health or lifestyle issues discovered during underwriting
  • One or more applicants declined jeopardizing a multi-life case
  • Time-sensitive cases such as loan collateral needs delaying or derailing business plans
  • Insufficient coverage for large DI cases
  • Clients including insurance clauses in business contracts that cannot be fulfilled in the traditional market

When your business case goes off the rails, Hunter McCorquodale has the solutions to get you back on track.

Discover how we have helped advisors to salvage challenging business cases:

Executive with recent colon cancer history needed $4 Million Key Person Life Insurance:

Lender required $4 million key person life insurance on a 56 year old commercial real estate executive.  He was declined by the traditional market due to a history of colon cancer in the previous year.  We issued $4 million Acceptional Life coverage with a colon cancer exclusion.

Business owner with recent history of cocaine use needed $2 Million Buy-Sell Life Insurance:

Four 25% shareholders in an engineering firm each required $2 million buy-sell life coverage.  One partner was declined due to past history of cocaine use and current daily marijuana use. The other partners were hesitant to proceed.  We issued $2 million Acceptional Life coverage and all 4 partners proceeded.

Executives with “Change of Control” clauses required LTD for 3 years following contract termination:

A toy company needed to extend LTD coverage for 3 years on several senior executives due to their employment contract “Change of Control” clauses being invoked.  The LTD insurer was not willing to extend coverage beyond the statutory notice period.  We issued the required DI coverage through Lloyd’s, London.

Private equity firm needed $15 Million Key Person Disability on founder/former owner:

A private equity firm invested $15 million to acquire a controlling interest in an environmental services business and wanted to insure the founder/previous owner.  They were unable to find a traditional insurer who would offer any significant amount of key person disability coverage.  We provided the full $15 million required through Lloyd’s, London.

For more information or a quote on these products, please visit our website or contact us directly.

Brooke Gibson
Sales & Marketing Associate 
T   416.408.5659
TF 1.888.995.9199 ext. 1                                           
brooke@hunmcc.com