The Mutual Benefits Corporation (MBC), a life and viatical corporation based in the US, is targeting...
The Mutual Benefits Corporation (MBC), a life and viatical corporation based in the US, is targeting UK intermediaries.
MBC takes people with life insurance policies who want to sell their policies as they approach death and matches them with investors who either purchase part or all of the policy.
The investor is recorded on the life insurance policy and as a result receives the pro-rata payment of the death-benefit directly from the insurance company when the insured person dies. Viatical and life settlements create a secondary market for the sale of people's life insurance policies and MBC funds the sale of these policies from US life insurance companies rated B+ or better by AM Best in the US. Companies include Metlife, Prudential, TransAmerica and New York Life.
MBC only allows policies to enter the secondary market if the insured person who wants to sell their policy has a life expectancy of 12, 24, 36, 48, 60 or 72 months.
As an alternative to stock market investment, MBC offers investors six programmes to invest in depending on how long investors want their money to be tied up, offering fixed returns from 12% for a one year investment, up to 72% for those who stay in for six years.
Minimum investment is $10,000 and commission for intermediaries is negotiable.
Contact: 001 954 525 8885.
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