DI Underwriter Sees Room for Longer-Term High-Limit Policies

Mark Petersen, a specialty disability insurance market veteran, is seeing interest in supplemental policies that can pay benefits to high-income insureds for a longer period of time.

Petersen, a vice president at Petersen International Underwriters, Valencia, Calif., says athletes, performers and others with high incomes use special high-limit supplemental disability products to protect against illnesses or injuries.

In the past, the longest benefit period available with those policies was 7 years, Petersen says.