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Newsletter

Young Tech CEO Dies in 200-Foot Fall at Utah National Park

Posted Wed, Oct 16th, 2024
Exceptional Risk Advisors Lloyds of London Coverholder
Young Tech CEO Dies in 200-Foot Fall at Utah National Park

Accidental Death Insurance

Justin Bingham, the 40-year-old CEO of Opiniion, a leading software solutions provider for property management companies, tragically passed away earlier this month. While canyoneering with three fellow climbers at Zion National Park in Utah, he suffered a devastating fall of approximately 200 feet. Despite being airlifted to a hospital, he unfortunately succumbed to his injuries during transportation. Opiniion, headquartered in Lindon, Utah, is recognized for its innovative software solutions that help property management firms enhance resident satisfaction. The privately held company has an estimated revenue between $5 million and $10 million.

Read the full story here.

How can you protect your clients? See below for the insurance solution.


Insurance Solution
Accidental Death & Dismemberment

For life insurance advisors, there is no substitute for thorough advance planning. While traditional life insurance provides comprehensive accident and sickness coverage and is often more cost-effective, what happens when your top client decides to climb one of the seven summits, and you can’t secure enough coverage from traditional carriers?.

Justin Bingham’s tragic story serves as a reminder of the importance of protecting high-net-worth and soon-to-be high-net-worth clients. If your client engages in hazardous activities like scuba diving, mountain climbing, race-car driving, or helicopter piloting, adding an extra layer of protection is essential to their financial plan.

Accidental Death & Dismemberment (AD&D) insurance, available through the Excess Lines Market, offers an alternative, supplement, or short-term solution for those who cannot obtain sufficient traditional life insurance. It provides coverage exceeding $100 million per person, 24-hour worldwide protection, and policy terms ranging from 1 day to 3 years.

Learn More About Accidental Death & Dismemberment Here

Contact us to discuss how we can help protect your exceptional clientele.


Featured Case Study
Buy-Sell Disability Policy
Large Commodities Firm

Country Music DuoIn this case, the advisor was working with a large commodities firm experiencing rapid expansion. As the business grew, the CEO’s share value skyrocketed by 250% since the last buy-sell agreement. The board recognized that if the CEO were to become disabled, the company's buy-out exposure could have devastating financial consequences.

Explore the full case study to learn how we addressed the challenge with a strategic insurance plan.

Click here to read the full case study

Please feel welcome to share this newsletter & case study with colleagues and your centers of influence.


Webinar Alert!
A Fresh Perspective on Guaranteed Standard Issue for High Earners

In today’s ever-evolving insurance landscape, understanding Guaranteed Standard Issue (GSI) High Limit Disability Insurance could be the key to strengthening your client relationships.

Join industry experts, Frank Zuccarello and Tim Smith of Exceptional Risk Advisors, for a webinar designed to help insurance advisors enhance their approach to Guaranteed Standard Issue (GSI) High Limit Disability Insurance.

Webinar Details:

Title: A Fresh Perspective on Guaranteed Standard Issue for High Earners

Date: Wednesday, October 30th

Time: 9:00am PDT | 12:00pm EDT

Register for the Webinar Here

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Newsletter Archives

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Exceptional Risk Advisors, LLC is a licensed insurance producer - CA Licensee Number 0F60601. All products are offered pursuant to the excess and surplus lines laws of each individual state and must be placed through a properly licensed excess or surplus lines broker. These products are not available to the general public, and this website is intended for licensed insurance broker use only. Nothing in this communication constitutes an offer, inducement or contract of insurance. Financial strength and size ratings can change and should be reevaluated before coverage is bound and periodically thereafter. Not all products are available in all U.S. jurisdictions.

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