October 16, 2013
INSCOR, Inc. Scores Slam Dunk With New Hire
For INSCOR, Inc. (OTCQB – IOGA - $0.49), a great deal of attention in recent months has been on the company’s FIT (Financed insurance Trust) OPEB offering targeting troubled municipalities and the very lucrative initiative in Ghana, and rightfully so. After all, meaningful revenue is expected to be booked from the Ghana contract later this quarter, and we believe that tangible progress is being made on the municipal side. With this backdrop, management has made another huge step in broadening its reach and diversifying its revenue opportunities.
Earlier this week, INSCOR announced that four-time NBA Champion and actor John Salley has been named President of the company's newly formed sports division. John Salley's role at INSCOR will be to present the company's Financed Insurance Trust (FIT) plans for individuals to professional athletes, leaders in the entertainment world, and high net worth individuals. In addition, John will promote INSCOR and its offerings.
The financial woes of former professional athletes have been well documented. According to Sports Illustrated, almost 80% of NFL players flirt with bankruptcy only two years after retiring, and 60% of NBA players are broke within five years of retirement. INSCOR will turn to the 15-year NBA veteran to market its FIT plan to these athletes and other high net worth individuals such as entertainers.
INSCOR has designed its FIT plan to act as a 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.
Under INSCOR's plan the policy holder's assets remain in place and are not used to pay insurance premiums. High net worth individuals and companies have used premium financing for purchasing life insurance for about 20 years, and the strategy has developed over the years to become the preferred vehicle for large purchases of life insurance among qualifying affluent individuals and companies. 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.
Considering that Salley is a household name, and is well-respected throughout the entertainment, professional sports, and professional athletes arena, bringing in the superstar to lead the new division is not just a major coup that will drive new business for INSCOR, but is a slam-dunk that will more than prove its value. Moreover, it is a great driver for the stock that will move dramatically once the first new deal that is Salley-generated is signed.
For more information, refer to our previous sponsored IOGA Reports, Updates and Hot Topics by visiting www.GoldmanResearch.com
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Senior Analyst: Robert Goldman
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