Jay Goldblatt
Spring Valley, NY (USA)
Role(s):
Founder/Owner/Principal
Financial Innovation Group, Inc.
Find More Startups
Startup
Location:
Spring Valley
Industry:
Finance
Year Founded:
2007
Number Employees:
1-10 people
Description:
Our business has a two-pronged approach. We are providing an innovative, aggressive life insurance arbitrage and a non-correlated source of good returns to hedge funds and investors.
Initial income targets are $1M net from Life Insurance sales and $500k minimum net income from commissions placing investor capital into Life Settlement Funds. Our total projected one year profit is $500k under worst case scenario conditions.
Our target market for writing insurance is 69 year old insurable males with high net worth and for the life settlement funds, virtually the whole universe of available funding sources.
A typical life insurance policy will be $3-5M in death benefit. Our typical offer to hedge funds and private equity investors will be 10-20% Investment Return from the funds we allocate to.
Along with a network of current contacts for referrals for both markets, we will be marketing to an existing lead pool of 69 year old insurable males.
We are a Senior Analyst, Executive VP of Sales, and Senior Trader at a Life Settlement Company transitioning to this new venture. As sales volume increases, additional operational staff will be put in place as needed.
Based on current market conditions and utilizing an available arbitrage, this is an excellent entry point to invest in life insurance policies both as an insured and as an investor.