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: Settlements
info > News
Non-Recourse Premium Financing:
(PRWEB) July 14, 2005 -- A comprehensive strategy for
life insurance: pursue Trial Quotes for new life insurance,
at the same time as Life Settlement bids for existing
coverage.
| Affluent senior Insureds may pursue
non-recourse premium financing, at the same time they
are obtaining Life Settlement bids for their old coverage. |
American Viatical and its national resources will collaborate
with principals and their advisors. The comprehensive
strategy uses the same medical records for Trial Quotes
and Life Settlement bids. Trial Quotes will always arrive
before the Life Settlement appraisal is complete. Proper
sequence of events is crucially important.
Applicants over 74 who qualify for $5 million or more
of new coverage should examine Non-Recourse Premium Financing.
After the financed policy has been in force two years,
the Trustee may sell it for a Life Settlement. Properly
designed Trusts allow great discretion on the use of Life
Settlement proceeds.
"Having all the numbers on the table is essential"
observed Morris Heins, President of American Viatical.
"Our value-added is making certain the new insurance
is discounted and the Settlement bids are the highest."
American Viatical welcomes inquiries from Trustees, Attorneys,
CPAs, insurance agents, financial planners, Registered
Investment Advisors and other professional advisors.
About American
Viatical:
Among the largest Internet-based Brokerages for Senior
Life Setlements, Viatical Settlements. Non-Recourse Premium
Finance solutions are available through its advisory network,
and does not offer investment products.
| Hedging Against
Uncertainty. "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.
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