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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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How is it financed? |
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The premium payments are financed by way of a newly created Trust. nexus solutions arranges for a loan secured solely by the Policy and funds the Trust with sufficient capital to make timely premium payments throughout the first two years of the policy. There is no liability assumed by the Insured.
The period of the loan is approximately two years and is secured solely by the Policy itself. During the two-year period, the Insured can enjoy the protective umbrella of a substantial life insurance policy without the related risks and costs. This includes the right to the full death benefit during the two years, absolute discretion as to whether to sell the policy after the two-year period with no early termination or pre-payment fee, and, if the insured elects to sell the policy, absolute control over to whom the policy is sold.
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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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