What is Specialty Insurance?
In simple terms, specialty insurance is exactly what it sounds like: It's insurance that can be purchased for special or unique situations. Specialty insurance policies are important for people that are not typically covered under other insurance policies.
Disability Specialty Insurance
- You could get Specialty Disability Insurance for various reasons.
It could be for the working individual with special, unusual or difficult insurance needs or conditions.
As many of us work in a secured environment, many others have what is considered to be a high-risk position job. Those positions demand for the individual to be exposed to exceptional risk factors including high limit needs, medical impairments, challenging financial underwriting, foreign travel, residency or citizenship or risks requiring bespoke contractual terms.
It could also be for individuals declined elsewhere due to medical or lifestyle history.
Life and Personal Accident
- • Life insurance applicants declined for medical history
- • Foreign travel or residency issues
- • Exclusions in group/individual policies
- • Older ages
- • Interim insurance
- • Short term needs
- • Employer contract commitments
- • Occupational Accident coverage for Schedule 2 employers
- • Volunteer Accident coverage
There are many situations where Personal Accident Insurance or Accidental Death & Dismemberment (AD&D) is an excellent alternative or supplement to life insurance. Through Hunter McCorquodale you can obtain AD&D coverage customized to meet your clients specific needs.
Following are examples of situations where AD&D has been used successfully:
Acceptional LifeAcceptional Life is a non-renewable, non-convertible term life insurance product designed for difficult-to-insure individuals with substantial insurance needs. Difficult-to-insure individuals are applicants who have previously been declined or postponed for insurance by an insurance company or who will have a difficult time obtaining life insurance for reasons related to medical or lifestyle history.
*The Acceptional Life product is not currently available in Quebec.