INSCOR specializes in providing significant funding solutions utilizing high cash-value life insurance contracts combined with low-cost financing. The insurance and financing are modeled within the framework of a Financed Insurance Trust (FIT) to provide substantial cash flows from life insurance proceeds and cash values at little or no out-of-pocket cost. Through collaboration with insurance companies, financing institutions, actuaries and attorneys, INSCOR has developed FIT strategies tailored for specific market segments.
• Corporations and Municipalities:
The funding for retiree health care and Other Post-Employment Benefits (OPEB) plans often strains existing cash flows of corporations and municipalities. Many such plans, especially among governmental entities, are largely grossly underfunded. Recently implemented GASB 45 accounting rules reveal unfunded liabilities in excess of $1.5 Trillion among state and local governments. INSCOR’s FIT OPEB plan is the most viable solution to providing significant cash flows to fund OPEB liabilities without requiring additional, if any, increases in out-of-pocket expenditures.
• High Net Worth Individuals, Athletes and Entertainers:
FIT plans can be modeled to not only provide significant volumes of life insurance, but also create substantial cash values that can be accessed to provide a tax-free income stream during retirement. In most cases, depending on age and insurability, FIT plans are designed with little or no out-of-pocket expense.