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Kore Financial offers qualifying clients the opportunity to capitalize on their insurance capacity in a short period of time. The program, called Quick Turn, creates a potential windfall for those who would not otherwise have used or needed life insurance.
Qualifications for Quick Turn:
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Age 70 years old or older |
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Non smoker (at least 2 years) |
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No major health conditions |
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Net worth of $500,000 or more |
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While premium finance and life settlement programs have been available for several years, Kore Financial offers a unique hybrid of the two called Quick Turn. This low risk program can produce a very attractive gain within a very short timeframe, and requires no cash investment.
First, Kore will arrange 100% financing for a new life insurance policy—no investment required. Then, in three to four months, we’ll arrange to have the policy purchased back from you. This transaction will pay you a two percent financial return on the policy’s face value—top dollar for such a short-term investment.
If you should pass away before we resell your policy, your beneficiaries will receive the full death benefit, less the premiums financed. Otherwise the purchaser becomes the new beneficiary at the time of the resale.
Quick Turn is an excellent vehicle for those who wish to increase and maximize the value of their legacy for family members or a favorite charity. This program is available exclusively through Kore Financial Group.
Case Example: Paul
Paul’s term life insurance policy expired when he was in his mid-60s. He looked into a new policy in his 70s and was shocked by the high premiums he would have to pay. He heard about Quick Turn from his brother-in-law, who had just made an impressive sum of money.
Paul found that he, too, qualified for a Quick Turn program and was able to secure a $5 million policy, for which he never paid a premium. In just three months, the same broker who sold him the policy arranged for an investment bank to purchase it, generating for Paul a financial gain of $100,000, which reflected two percent of the policy’s face value. |
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