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nexus solutions offers a financial insurance product that may benefit gift giving seniors, foundations, and other charitable organizations. This product enables qualified seniors to potentially increase their net worth and make meaningful donations to charities during their lifetime.
Insurable individuals between the ages of 68 and 85 with minimum net worth, and in reasonably good health qualify for the program. If qualified, medically and financially, an application is completed and sent to an insurance company, and the applicant may select the policy with the best coverage and optimal premium.
Frequently Asked Questions
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What companies are involved in the Life Settlement market? |
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How is value created? |
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- The value lies in the insurability of an age-bracketed group of seniors. It is not created, but is utilized. The mere ability of a 75 year old man or woman to qualify for insurance has incredible value. The nexus solutions program is designed to unlock that value by allowing the insured to create a life insurance policy where none previously existed. For certain seniors, this newly created asset has a resale value after roughly two years that exceeds the cost of creation.
- This exceptional value is a product of a large demand for life insurance policies in the secondary market as well as pricing by the life insurance carrier which often contemplates a 50% to 90% lapse rate. That is, when the life insurance carrier decides what the premiums for the policy will be, it calculates that more than likely the insured will pay the premiums for a few years and then cancel the policy before the carrier has to pay the death benefit.
- By use of a proprietary valuation model, nexus solutions is able to identify a potential policyholder for whom there exists a significant difference between the cost of the insurance and its resale value.
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How is it financed? |
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What are the risks to the Insured? |
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What type of payout can I expect if my policy is sold in the Life Settlement market? |
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Who qualifies for the program? |
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What is the process to implementation? |
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