Estate Planning

March 2, 2005 -- "Everyone involved in financial and estate planning should guide their clients. We are pleased to help those advisors, and we do not compete with them for any investment or life insurance opportunities," said Morris Heins, American Viatical's President. "40 years ago we were in retail securities and life insurance, but this company no longer offers any form of investment."

Replacement Life Insurance

When there is an opportunity for replacement life insurance, we defer to the servicing agent" he continued. "Quite often, we will process cases where the servicing agent is not to be found, or whose Broker/Dealer will not presently allow his participation. In one example, we replaced a $300,000 life insurance policy for an 80 year old female with another very close in premium cost, and the life Settlement was substantial enough to provide funding for many years. In another, we brokered the sale of a $1.25 million Survivorship policy, and then used the proceeds to pay for a replacement $2.5 million policy. Once the new policy was in force, we sold brokered the sale of the other $1.25 million policy. An agent of the same carrier as the old policies was able to close the new policy. Everybody won."

Impaired Risk

The message here is that American Viatical will help the client directly, or work with the advisor, as appropriate to the situation. "Many advisors simply do not have the capacity for handling the most difficult Impaired Risk cases, but we do, and are glad to share our resources."

Premium Financing