You have the ability to purchase up to 10x your annual income. We've created 4 coverage level options for you to choose from so that you can align coverage with what's most appropriate for you and your family.
Don’t let your busy schedule get in the way of protecting your eligible earnings. Take advantage now, as this enrollment may be your only opportunity to obtain coverage with these unique advantages. This is a limited enrollment period.
In the 17th century, London’s importance as a trade center led to an increasing demand for ship and cargo insurance. Edward Lloyd’s coffee house became recognized as the place to obtain marine insurance and this is where the Lloyd’s that we know today began. From those beginnings in a coffee house in 1688, Lloyd’s has been a pioneer in insurance and has grown over 325 years to become the world’s leading market for specialist insurance.
With expertise earned over centuries, Lloyd's is the foundation of the insurance industry and the future of it. Led by expert underwriters and brokers who cover more than 200 territories, the Lloyd's market develops the essential, complex and critical insurance needed to underwrite individual protection.
Backed by diverse global capital and excellent financial ratings, Lloyd’s works with a global network to grow the insured world. Our current market ratings are:
Standard & Poor's: A+ (Strong)
Fitch Ratings: AA- (Very Strong)
A.M. Best: A (Excellent)
Petersen International Underwriters (PIU) is a Lloyd’s of London Coverholder who administers unique and proprietary insurance products in a similar fashion to that of a traditional insurance company. Lloyd’s has granted binding authority to PIU due to their expertise in the personal disability insurance market.
PIU provides insurance solutions for disability, life, medical and contingency risk. Using the strength of the global insurance markets, they have the underwriting capabilities and enhanced benefit limits that traditional insurance companies can’t or won’t provide. For nearly 40 years, PIU has been recognized nationally and internationally for their expertise and innovation they have brought to the Disability, life and health insurance industry.
How do I qualify for benefits?
If you are unable to perform the duties of your job due to illness or injury for 365 days and are not expected to return to work in that capacity, you are eligible to receive benefits. This coverage is designed to protect you and your family in the event of a career-ending event caused by a disability.
Why is this coverage offered to me?
This coverage is being offered to you as an active member of The Iowa State Bar Association. It is a benefit provided to you with an association premium discount.
What do I need to complete for obtain this coverage?
Typically, to obtain additional disability coverage on an individual basis, you would need to go through complete medical and financial evidence, which may take 60-90 days. This coverage is offered to you on a Guaranteed Standard Issue basis which removes the underwriting restrictions and only requires the applicant to complete an actively at work criteria.
Actively at work means:
We, Certain Underwriters at Lloyd’s, agree to pay the benefits indicated on the Schedule of Benefits page of this Certificate and according to the Certificate provisions. We issued this Certificate to the Owner in consideration of: (1) The statements made in the application or declaration form; and (2) Payment of the premium.
As long as the Owner pays the premiums for this Certificate by the end of each grace period, We cannot change any part of this Certificate until the expiry date unless agreed by You and Us. Coverage under this Certificate will begin on the effective date at 12:01 A.M. Coverage will end on the expiry date at 12:01 A.M. All times will be the Local Standard Time at the address stated on the Declaration Page.
This Certificate will not become effective until the initial premium has been paid.
The Owner has the right to return this Certificate if not satisfied for a full refund of any premium paid provided the Owner does so within ten (10) days after the receipt of this Certificate. The Certificate must be returned to Us. The Certificate will then be void from inception.
Read this Certificate carefully. It is a legal contract between the Owner and Us.
Petersen International Underwriters
23929 Valencia Boulevard, Second Floor, Valencia, CA 91355 800-345-8816