Glen Reaux
Houston, TX (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
LiveWell Insurance Products, Inc
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Startup
Location:
Houston
Industry:
Healthcare
Year Founded:
2013
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
"C" Corporation
Description:
LiveWell Insurance Products, Inc. has developed a Patent Pending, Market Disrupting supplemental health insurance product that will be licensed to insurance companies. With this product we will capture 3 million members of the $900 billion health insurance market. Our Pre- Money Value is $2,325,000 and is substantiated by our management team with more than 125 combined years of experience, our patents and Trademarks, and our ability to capture market share. Dr. Owen Ellington, Co-founder, Dr. Lorenzo Childress and Senior VP Herman Wright have more than 80 years of experience as executives in the insurance industry. They have worked for insurance companies, including Humana, Metropolitan Life, Cigna Health Plans, United Healthcare and Amerigroup. They were members of the management team that took a major health insurance provider, Amerigroup Public in 2001. We need investors for two stages of investment of $350,000 for startup and $3,750,000 for launch and operations. We are offering a Preferential Royalty with a 3 Base Return Multiple based upon a percentage of Gross receipts to begin in the first year of revenue generation. This money will help us reach our Year-5 projected EBITDA goal of $300,800,000 plus.