CMS I and CMS II Premium Financing Programs Hit Record Levels

Wed Apr 30, 2008 8:35pm EDT
 
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NEWPORT BEACH, Calif.--(Business Wire)--
CMS, Inc. announced that placement of its CMS I and CMS II premium
financing programs hit record levels for the first quarter of 2008.
President and founder of the CMS group of companies, Mr. Julian
Movsesian, said, "We have been placing significant amounts of life
insurance all year and April has continued the trend." He attributed
the increase to stable funding and creative insurance designs: "We are
writing more life insurance and financing it than ever before."

   The CMS I program is known as the "gold standard" in the
traditional premium financing marketplace. The program is recognized
by the largest affluent market life insurance carriers in the
insurance industry. The CMS II program, unlike CMS I, offers
collateral discounts designed for the ultra high net worth client with
assets of $20 million, $100 million, and higher. Both CMS I and CMS II
programs are intended for high net worth clients that wish to leverage
the purchase of large life policies for their planning needs.
Additionally, both CMS I and CMS II programs offer a "loan for life"
and are not dependent on life expectancy estimates.

   In recent weeks many of the financing programs that are dependent
upon the life settlement market for viability have exited the
marketplace as a result of concerns about the accuracy of third party
life expectancy estimates and their own liquidity constraints. This
has left a number of insurance professionals without a reliable
premium financing program to meet their client's needs. Mr. Movsesian
said the CMS programs are stronger than ever because of their top
notch carrier partners and stable funding source. Andre Blaze,
spokesperson for the company, said, "We have the advantage of twelve
years of history and economies of scale due to our size."

   Over the past several years a void in the understanding and the
effective design of a premium financing strategy has materialized
among insurance producers and advisors. To help these producers and
advisors an affiliate company to CMS, Inc. was created - Succession
Capital Alliance (SCA). SCA provides the infrastructure to achieve
unique designs in both the life insurance policy and the loan
structure.

   The CMS I and CMS II programs are available directly through our
carrier partners or through Succession Capital Alliance. For
information about approved carriers and appropriate contacts, please
contact Succession Capital Alliance at 949-794-1882, or
info@successioncapital.com.

Succession Capital Alliance
Julian Movsesian, 949-794-1882
info@successioncapital.com

Copyright Business Wire 2008

 

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