INSCOR, Inc. Plan Helps Professional Athletes and Entertainers Build Wealth
07 June 2013 - 10:30PM
Marketwired
It's no secret that most spend what they make. Athletes,
entertainers and other high net worth individuals are certainly no
different as it's well documented that many affluent individuals go
broke for many reasons. INSCOR, Inc. (PINKSHEETS: IOGA) has a plan
for those individuals specifically modeled after the Financed
Insurance Trust (FIT) plan the company uses to help corporations,
university systems, hospitals, municipalities and other government
entities fund their employees post-employment benefits.
According to Sports Illustrated magazine, almost 80 percent of
National Football League players flirt with bankruptcy only two
years after retiring, and 60 percent of National Basketball
Association players are broke within five years of retirement.
Entertainers aren't immune from bankruptcy either. The headlines
are littered with well known Hollywood actors and actresses and
names from the music industry that lost the fortunes they
built.
Athletes and entertainers squander millions of dollars due to
bad decisions, lavish spending and poor financial planning. Well,
INSCOR has designed a FIT plan to act as a great vehicle in the
defense of an individual's ability to maintain his/her high net
worth. A FIT plan is a life insurance strategy that finances the
cost of a permanent life insurance policy through major lending
institutions. Policy cash values provide collateral and are later
used, in part, to retire the loan including principal and
interest.
Not only is INSCOR's FIT plan a great tool to protect wealth for
these high net worth individuals, but it can also be used to build
wealth. Thousands have purchased large, permanent life insurance
policies at amounts ranging from $2 Million to $200 Million, with
most of those individuals never having to spend a dime of their own
money.
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