Mon. Deadline/Disability Payments/Teleseminar Posted
Published: Mon, 01/21/13
-- Did You Know Future Disability Income Payments Can Be Bought?
-- Vegas Note Symposium Price Goes Up Monday Midnight
-- Vegas Hotel Discount Expires Monday Midnight
-- Last Night's Teleseminar Recorded & Posted
THE CASH FLOW EXPRESS
A Service of The Paper Source, Inc.
www.PaperSourceOnline.com
March 21, 2014
Hi ,
Did you know that future disability income payments can be
bought? In this issue Martin Granoff will tell us how he
does it -- and how you can profit.
He'll go into more detail on this and other under the radar
cash flows in his talk "Creating Multiple Income Streams" at
our Las Vegas Note Symposium April 24-26. You can also sit down
with him one-on-one for a consultation, no charge.
The discount registration expires this Monday at midnight, and so
does the hotel discount price of $55.00 per night Sun. through
Thurs. and $95.00 per night Fri. and Sat. Don't miss out! Get
more info and register at http://tinyurl.com/2014notesymposium or
call 800-542-2270.
Last night's note brokering and investing teleseminar with Caleb
Preston of Alaska Financial Co. has been posted at
http://papersourceonline.com/tele-seminars
There's no charge to download it.
Cheers,
Bill
W. J. Mencarow
The Paper Source, Inc.
www.PaperSourceOnline.com
*************************************************************
Did You Know Future Disability Income Payments Can Be Bought?
by Martin Granoff, www.granoffenterprises.com
About four years ago we were approached by a cash flow broker with
a most interesting prospect -- a dentist who developed a
hand problem not allowing him to practice anymore. He could,
however, do other work either within the dental field or outside of
it. He happened to be a businessman as well and had a business of
manufacturing specialty doors which he had made in China. He needed
money for this business.
He was seeking to accelerate some of the disability income payments
he was receiving from the disability income policy he had acquired
many years before his hand problem developed. He was receiving over
$20,000/month from this (yes, I've never seen this large a
disability income benefit being paid either) and the insurance
company allowed him to work his door manufacturing business while
still being considered totally disabled as per this policy's
definition of total disability.
We had never done a transaction like this before and were intrigued
to see if we could help this former practicing dentist.
The first problem to overcome was that disability income payments
cease upon death. How can we thus acquire future payments that can
stop at any time?
The former dentist happened to have a large, inexpensive term life
insurance policy. IF we can get a collateral assignment on the
life insurance death benefit so we could receive from the life
policy what we couldn't any longer receive from the disability
income policy if he dies, and IF we could get the disability income
company to agree to an irrevocable assignment on a specific number
of future disability income payments...this just might work!
Well, it all came together and we were able to acquire enough future
disability income payments to advance the former dentist around
$700,000. To date everything has functioned smoothly with us
receiving the monthly payments and with the former dentist having a
most successful business. He told us our help allowed him to raise
the money he needed without having to give up any equity in his
company which, before we came along, seemed his only possible
alternative.
With another more recent case, serious food poisoning compounded by
bad follow-up surgery resulted in a high ranking corporate
executive qualifying for permanent disability under his
corporate/group plan which also included a sizable life insurance
policy. We have acquired future payments from this client twice --
about a year and a half ago and recently. For some reason neither
of these client's life insurance policies had a premium waiver
benefit. We thus needed to prepay enough of the future annual
premiums to assure these life policies remained in force for the
time period we needed them to.
Those are very nice future cash flow acquisitions we had never
considered until the cash flow broker brought us the first
prospect. We have looked at others but none, so far, have been
doable for reasons such as our not being comfortable with the
policy definition of total disability and/or there being no
existing life insurance and acquiring new life insurance was not
feasible for health reasons. We anticipate doing many more of these
in the future when more people learn about the possibilities here.
Isn't the cash flow business a wonderful business?
Founded in 1980 by Martin Granoff, Granoff Enterprises began
raising equity and debt capital for new and existing business
ventures.
In 1992 Granoff Enterprises expanded and began acquiring real
estate notes (seller take-back financing when a property sells). In
1994 when big state lottery winners did not have a lump sum payout
option, Granoff Enterprises began offering existing winners the
ability to convert some or all of their future payments into lump
sum cash now. Word spread and the firm began receiving inquiries
regarding other future cash flows. The business continued to grow
and Granoff Enterprises now purchases all types of future cash
flows including:
contest winnings payable over time (television game show winners,
hole-in-one golf prizes, etc.);
manufacturers' and retailers' contests, restaurant contests, etc.;
casino prizes (mainly big prize payout slot machine wins);
business notes (some seller financing offered buyers to help sell a
business);
and other future payments due from financially strong sources.
Today, Granoff Enterprises is highly regarded as a "lump sum payout
specialist" with a solid reputation and a long list of loyal
clients-- including individuals, attorneys, accountants, financial
advisors, cash flow brokers and other professionals serving those
with future payments due to them from various sources.
www.granoffenterprises.com or phone 1-800-869-6060.