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Structured
Settlements Information :
Premium Financing: Hedging against
Uncertainty
Carmel, IN (PRWEB) May 20, 2005 -- “America’s Insureds
65 and older own less than $1 trillion of $16 trillion in-force
life insurance,” said American Viatical’s President
Morris Heins, whose financial career began in 1965. Many affluent
individuals need far more coverage, yet balk at the expense,
because they are uncertain about the future of estate taxation
and concerned about tying up too much money. Premium Financing
allows qualified individuals to obtain $5 million or more
of coverage, with loans structured to suit the situation.
| Affluent
insureds can use leverage to buy life insurance using
recourse and nonrecourse premium financing. After two
years, the coverage may be sold as a Senior Life Settlement,
or retained. |
Trusts
are used to eliminate the issues of gift taxation and incidents
of ownership. At the end of the loan, the Trustee may pay
off the loan and retain the policy. Then or at a future time,
the policy may be sold for a Senior Life Settlement. Or, the
Trustee may walk away from the loan and the policy, depending
on circumstances.
A large number of carriers may be used, greatly expanding
the opportunities for insurance agents and other licensed
financial advisors to select the best for each client. To
allow maximum flexibility, it is well to consider using $5
million as the ideal size for each policy. The minimum age
is usually 74.
American Viatical’s national resources can provide just
the loan guidance, assist the writing agent in impaired risk
situations, or provide case development from front to back.
American Viatical does not offer investment products, “Viaticals,”
or advice about legal or accounting matters. Attorneys, CPAs,
insurance agents, financial planners, Registered Investment
Advisors, and stockbrokers are welcome to inquire about Premium
Financing and Senior Life Settlements.
About American Viatical
American Viatical is among the largest Internet-based Brokerages
for Senior Life Settlements and Viatical Settlements. Privately
held and independent, American Viatical represents the policy
owner. Each case is submitted to all appropriate Funders,
in order to obtain the highest possible bids. Premium Financing
is available through its advisory network.
Inquiry: www.american-viatical.com
| Affluent
insureds can use leverage life insurance using recourse
and non-recourse premium fiancing. After two years, the
financed coverage may be sold or retained. Many people
need more finnacing and coverage... nonrecourse, non recorse
premuim finacing. |
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