INSCOR, Inc. is a leading independent insurance national consulting and marketing organization of life, disability-income and long-term care insurance and other financial tools and services in addition to a wide array of annuity products marketed offered through its financial and insurance professional advisors across the country.
IOGA Products and Services
Financed Insurance Trust (FIT) plans for affluent individuals, athletes and entertainers
“The best way to protect, grow and accumulate tax-advantaged wealth
…with reduced risk and little or no cost”
A FIT (Financed Insurance Trust is for protecting lifestyle, income and assets for loved-ones and for securing one’s future retirement. FIT plans provides the means for qualifying individuals to obtain investment grade life insurance that accumulates large volumes of cash value while spending little, if any, out-of-pocket for such insurance. Instead, the cost of permanent life insurance is financed through major lending institutions. Policy cash values provide collateral and are later used, in part, to retire the loan including principal and interest. The policy holder’s assets remain in place and need not be used to pay insurance premiums.
Retirement Planning
The Wall Street Journal said it best: “Retirement is the great financial riddle. Think of the uncertainties… you don’t know how long you will live, you don’t know what investment returns you will earn, you only have limited sum of money and there are no second chances.” As a result of the two financial meltdowns in the last decade where the marked lost over 40% in each case, studies show peoples top concerns for retirement are 1) not losing money and 2) worry of higher taxes. INSCOR strategies use investment grade, tax advantages insurance products that allow people to profit from market gains while not exposing their assets to market losses and eliminating taxes on growth and retirement income at the same time. The growth in this product segment is nearly as great as the rest of the insurance industry combined.
FIT OPEB plans for Corporations and Municipalities
The funding for retiree health care and Other Post-Employment Benefits (OPEB) plans often stretches the cash flows of corporations and municipalities. Many such plans, especially among governmental entities, are grossly underfunded. INSCOR’s FIT OPEB plan is a viable solution to providing significant cash flows to fund OPEB liabilities without requiring addition with little, if any, increases in out-of-pocket expenditures.
Estate Planning
A number of legal, accounting and financial tools exist to help reduce or eliminate income and estate taxes while protecting assets from lawsuits or the claims of creditors. FIT plan variations are used wholly, or in part, to amplify the benefits of using such tools while reducing the out-of-pocket expense for doing so. Not only can 100% of wealth be protected and preserved for transfer to future generations, but FIT planning can further expand such wealth.
BOLI (Bank Owned Life Insurance): A stable, secure earning asset for banks
For nearly 30 years, banks of all sizes have utilized Bank Owned Life Insurance (BOLI), as an earning asset for their balance sheets. A properly structured BOLI portfolio can help a bank diversify its current investment portfolio with an asset that will increase earnings, balance liquidity and maintain superior credit quality. A BOLI portfolio will insure executive officers, directors and/or other key employees through a guaranteed issue single premium life insurance policy. The bank owns the cash value and death benefits. BOLI is unique as an alternative investment as the asset is an effective financing tool to successfully offset increasing costs of employee benefits. It is also a method to retain and reward key bank executives and directors. INSCOR is partners with one of top 5 premier BOLI providers in the country.
Why most banks have or are now obtaining BOLI assets…
BOLI can provide an efficient asset/liability tool with superior credit quality and attractive investment yields. BOLI provides banks with the following benefits:
-Enhance Bank Earnings
-Increase Shareholder Value
-Other Non-Interest Income Source
-No expenses to underwriting the asset
-No loan loss provisions
-No mark to market on the asset
-AA and AAA credit quality from all the major rating agencies
-Approximate 150 - 200 basis point improvement versus other bank investments
-Effective way to manage employee benefit costs
The focus for $IOGA INSCOR is two-fold:
1) INSCOR develops and maintains relationships with financial professionals including insurance brokers, financial planners, tax attorneys and CPAs to promote continued growth. INSCOR has proprietary tools and strategies in addition to top level contracts with over 35 insurance companies and financial institutions to better assist professionals in growing their business.
2) INSCOR specializes in providing significant funding solutions utilizing high cash-value life insurance contracts combined with low-cost financing. The insurance and financing are modeled within the framework of a Financed Insurance Trust (FIT) to provide substantial cash flows from life insurance proceeds and cash values at little or no out-of-pocket cost. Through collaboration with insurance companies, financing institutions, actuaries and attorneys, INSCOR has developed FIT strategies tailored for specific market segments.
IOGA Key Company Management
Kenny Andam
Kenny Andam brings fifteen years of successful business experience to Inscor and has already demonstrated his capabilities by executing and securing the companies first Major Contract with the Mass Social Welfare Scheme for Ghana. Mr. Andam is a serial entrepreneur with an appetite for growing start up and mid-tier companies into major successes. Under his leadership and with the current executive team at Inscor, Mr. Andam has laid the foundation for growing Inscor revenues, and established a progressive growth framework that is currently delivering results to the company. Mr. Andam joined Inscor after successfully building companies in the technology and Oil and Gas sector to achieve major market growth.
Most recently, Mr. Andam served as the CEO/President of OS Petro which is a major Onshore/Offshore oil and gas exploration and development company with billion barrel reserve acreage in Namibia and Nigeria. OS Petro is also focused in the waters of deep waters of Ghana. Before founding and managing OS Petro, Mr. Andam served as CEO/President of WorldVuer Inc., a company he help found and fund in the media interactive sector. Prior to founding WorldVuer, Mr. Andam established himself among the elite in the development of scalable distributed applications and systems development by leading large scale, complex development projects for leading IT shops Worldwide. Mr. Andam was hired as CTO of HealthRight Inc., a web based personal health record service provider. Mr. Andam led the development of Healthright's PHR system and web based 3-D self-analysis tool for personal health management and consumer practitioner interactive journal. Before joining HealthRight, Inc. Mr. Andam sits on the board of several companies in the technology sector, entertainment industry and direct selling sector. He is the chairman of the board of WorldVuer Inc., member of the board of Big Events Ghana LTD, chairman of the board at Globa Cash LTD, chairman of the board of OS Petro, and many other companies both in the US and international.
Mr. Andam holds an MSIS in IT Management and a Database Management Certification from CTU, and also holds a Bachelor of Science Degree in Economics and Computer Science from Brigham Young University.
Richard Krabbeler
Mr. Krabbeler has significant agency building experience as a sales Manager with the Equitable in the 1980’s and later as manager of Mutual of Omaha‘s largest and most successful sales organization. He graduated from NY Institute of Technology in 1975 and obtained his CLU and ChFC designations from the American College in 1987. In 1989, he founded Gilrich Income Management, Inc., a firm in New York which specialized in using real estate in IRAs and Pension Plans. Mr. Krabbeler’s focus in successful business development with CPS will continue as President of INSCOR. In addition, he is working closely with key strategic partners in expanding high-level relationships with municipalities and corporations for the education and marketing of INSCOR’s FIT programs.
Keith McAllister
Mr. McAllister has an impressive history of successful ventures. Before founding International Oil & Gas Holding Corp., Mr. McAllister most recently co-founded Mobile Wireless Security (MWLS), which offered wireless streaming video security solutions. Prior to that he was president of Entertainment Direct TV, which was acquired by Broadband Wireless International Corporation, where he served as co-Chairman and CEO. Mr. McAllister was CEO of Dudley Bernichi Diamonds in Cape Town, South Africa, exporting investment grade diamonds from South Africa to North America from 1998 through 2000. Mr. McAllister developed his international business experience as a restaurateur and nightclub owner of five properties in Detroit, Toronto and Cape Town. Mr. McAllister attended the University of Wisconsin.
IOGA Contact Info
Inscor, Inc. Corporation
1057 Whitney Ranch Drive.
Suite 300
Henderson, NV 89014
Website: http://www.ins-cor.com
Phone: 702-248-6901
Email: rkrabbeler@ins-cor.com
IOGA SEC Filings
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IOGA Headlines
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