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NEW YORK—Starr Indemnity & Liability Co. and Pro Financial Services L.L.C. have launched a disability insurance plan for white-collar executives.
The high-limit disability insurance product is intended for high-net-worth individuals and their employers who need additional coverage, said Jamie Burns, vp at Pro Financial Services. The coverage includes personal income protection, buyout agreements, company revenue protection, key person insurance, business overhead coverage and contractual obligation coverage.
Monthly benefits range from $5,000 to $250,000. Lump-sum benefits, which are available separately or in addition to monthly benefits, range from $250,000 and up. The program will be underwritten by Starr Indemnity’s accident and health division.
For more information contact Ms. Burns at firstname.lastname@example.org.