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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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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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Assuming the Insured elects to sell his/her policy at the end of the 2-year period, the payout to the Insured is dependent on many factors which cannot be guaranteed. These include, but are not limited to, the financial performance of the underlying insurance policy, ongoing interest rates, and the fair-market value of the policy in the Life Settlement marketplace in the future.
At present, nexus solutions anticipates a return to the Insured of between 2% and 5% of the face value of the policy. This means that an Insured with a $10 million policy would expect to receive between $200,000 and $500,000 at the end of the 2-year period.
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Who qualifies for the program? |
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What is the process to implementation? |
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