NEWPORT BEACH, Calif., April 30 /PRNewswire/ — 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.
SOURCE CMS, Inc.