Altium Insurance Products

Focused and Tailored Risk Solutions

Altium manufactures risk management and insurance products that address complex risk exposures and can be found in a broad range of industries.

Our focus is aimed at developing insurance products for contractual risk, cash-flow related investments, business transactions, tech startups, litigation and legal judgments, commercial and consumer crime, individual and group mortality, and any ascertainable net loss to third parties.

Our commitment to complete customization allows us to fully address the unique challenges our clients face in their respective markets.

Vacate Insurance®

Vacate Insurance® is a Structured Settlement (AKA Secondary Market Annuity) Insurance product that offers comprehensive protection against “Vacated Court Orders” in the increasingly litigious landscape of today’s Structured Settlement marketplace.

When Structured Settlement court orders are reversed or vacated, the payment stream is redirected back to the original seller. Consequently, investors lose all remaining annuity payments with little to no recourse. Vacate Insurance® is an essential component in the protection of Structured Settlement investments.

Vacate Insurance® is underwritten by Lloyd’s of London and offered exclusively through the Structured Settlement industry’s premier insurance provider, Altium Insurance Services, LLC.

 

Product Highlights:

  • Comprehensive coverage for violations of the statute that governs the sale or assignment of Structured Settlement Payment Rights
  • Comprehensive coverage against Fraud and/or Forgery including “Seller Fraud” such as identity fraud, and the fraudulent actions of “Hired Employees” such as Local Counsel, Paralegals, County Clerks, and Notary Publics, to name a few.
  • One-time premium payment covers the full term of the policy
  • Features a 4 Year supplemental extended reporting period to file claims after the policy expiry date.
  • Available on newly approved transactions, and those that have been approved within the last 5 years.
  • Vacate Insurance® coverage is available from individual Structured Settlement transactions to complex Structured Settlement portfolios.

Structured Life®

Structured Life™ is a specialty life insurance product that is designed to cover recipients of Life Contingent Structured Settlements.

The design team at Altium Insurance Services recognized the apparent underwriting challenges of the Life Contingent demographic then created a solution that produces consistent results.

By partnering with a major US-based Life Insurance carrier, Altium Insurance Services developed a branded and fully disclosed Structured Settlement Life Insurance product with unique underwriting guidelines that results in predictable life insurance approvals for this specific purpose.

 

Product Highlights:

  • Fully transparent underwriting that focuses on demographic specific characteristics
  • Decreasing death benefit option for lower premium costs
  • Policy Ownership eliminates the need for the traditional “Collateral Assignment”
  • Single-premium payment option
  • Simplified-Issue Approval available for certain candidates

Contestable Period Coverage™

Contestable Period Coverage™ is an add-on insurance product that offers protection during the “contestable period” of Life Insurance policies. It is designed to protect against the Life Insurance Carrier’s right to deny claims that stem from Suicide Death within the first two years of newly issued Life Insurance Policies.

Contestable Period Coverage™ is an accompaniment to Life Insurance and an essential component of protecting Life Contingent Investments.

 

Product Highlights:

  • No underwriting required
  • One-Time Premium Cost
  • Can be used for Life Contingent Structured Settlements and various other situations where third party interests in life insurance exist
  • Purchased once a primary life insurance policy exists.

Buy Contestable Period Coverage

Key Man Suicide Coverage™

Key Man Suicide Coverage™ is an add-on insurance product that offers protection during the “contestable period” of Life Insurance policies used in corporate “Key Man” or “Buy/Sell” arrangements.

Key Man Suicide Coverage is designed to protect against the Life Insurance Carrier’s right to deny a claim that stems from the Suicide Death of the Insured Executive during the first two years of the underlying Life Insurance Policy.

Key Man Suicide Coverage™ is an accompaniment to Life Insurance and an essential component to protect corporations from Key Executive mortality risks.

 Buy Key Man Suicide Coverage

Product Highlights:

    • No underwriting required
    • One-Time Premium Cost
    • Can be used for Key Man, Key Executive and Buy/Sell arrangements within corporations or partnerships
    • Purchased once a primary life insurance policy exists.