Petersen International Underwriters announced the worldwide release of the Stock Option Disability Insurance Plan, an exclusive disability insurance program with a focus on providing stock option income protection for corporate executives of publicly traded companies. Whereas executive benefits and individual disability coverage indemnify portions of salaries and bonuses, compensation by stock option awards has never before been insured with the employment of a personal disability product. According to James Petersen, marketing director at Petersen International, “this progressive endeavor and one-of-a-kind program offers ‘own occupation’ lump sum benefits to help alleviate the risk of permanent disablement and the potential loss of regular stock option compensation.” Both individual policies and group coverage with multi-life discounts are available. Petersen International Underwriters is a Coverholder at Lloyd’s and can be contacted at 800-345-8816 or at [email protected].
Royal Neighbors of America, a women-led life insurer, has launched Promise Plus coverage, a whole life insurance product offering a Cancer Waiver of Premium Rider to benefit women in the event of a diagnosis of cervical, ovarian, or breast cancer. “Many insurance companies are marketing their products to women, but none has ever developed life insurance coverage like Promise Plus specifically addressing issues around these cancers,” said Cynthia Tidwell, president and CEO of Royal Neighbors. The Cancer Waiver of Premium Rider is designed to protect women under 60 if they are diagnosed with cervical, ovarian, or breast cancer at Stage II or higher. When added to a Royal Neighbors whole life insurance policy, this rider waives the premiums for the next two years following the diagnosis. The coverage is the first of its kind in the nation, according to a press release. Promise Plus has a patent pending.
Understanding Medicare and getting help choosing the right coverage has just gotten easier. MyMedicareMatters.org, the National Council on Aging’s Medicare education website, now offers more personalized tools and enrollment advice to anyone in search of Medicare information. MyMedicareMatters.org has always offered boomers a guide to help them evaluate their individual needs, compare their options, enroll in a plan, and sustain the best coverage. “The redesigned MyMedicareMatters.org website is optimized to help consumers access the information most useful and important for them,” said Jay Greenberg, ScD, CEO of NCOA Services, LLC on a press release.