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Senior Market Advisor Magazine (March 2002) asks,
“If life settlements are good enough for Warren
Buffett, shouldn’t they be good enough for everyone
else? Last October, GenRe, the global reinsurance
and risk management arm of Buffett’s Berkshire
Hathaway Inc., arranged a financing facility upwards
of $400 million for...a life settlements funder in
Minnetonka, Minnesota.” The article continues
with:
“Buffett’s
involvement adds an air of credibility to [this] business.
[His] reinsurer has brought consistent financial backing
and a name that will inspire confidence in the life
settlement business, argues Steve Ballard, CEO of
the Norseman Group, a marketing and brokerage company....Berkshire
Hathaway/GenRe adds huge prominence and credibility
to this business. It has generated a ton of business
and has opened the doors that previously weren’t
open to us.”
While
it is a major boon for the life settlement business
to have the backing of such a successful financier
as Warren Buffett, it is important to note that his
company is targeting solely the institutional market.
Mutual Benefits Corporation’s funding is more
diversified; we have institutional, corporate and
individual funders.
| As
of September 2002, more than 300 sales agents
from all over the world have attended MBC’s
”Viatical University (VU)“ seminar
and instruction course. Visiting agents receive
a first-class, full scale education on what
viatical and life settlements are, how they
work, how to sell them, why they are a great
alternative to more traditional investments,
why they are unaffected by the day-to-day volatility
of the stock and bond markets, why they are
humanitarian in nature, and so much more. The
VU agents receive luxury accommodations, catered
meals at MBC, a sensational yacht dinner cruise
on the Ft. Lauderdale’s famous Intracoastal
Waterway, and all the marketing materials including
the course manual. |
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MBC Agents
(left to right) Andrew Dalton, U.K.; Timothy
Blogg, Russia; Shaun Dalton, Spain
Recent
VU attendees enjoying the sunset on the
intracoastal waterway
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“The
Caprice” MBC’s Chartered Dinner
Cruise Boat
Dining
Room on “The Caprice”
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Rave
reviews about VU continue to pour in. Comments
from recent attendees include:
”After
my visit to Florida, I have decided to dedicate
all my time to selling MBC products. This is
thanks to the thorough and well-presented seminar.
MBC has given me a wonderful opportunity.“
JB, Jakarta, Indonesia |
“The
training was outstanding and the food and cruise were
fantastic! I feel confident now that I can aggressively
promote MBC’s products…and serve the investors
in this area very well.”
GN, New England, USA
If
you are interested in attending VU at MBC in Ft. Lauderdale,
it is not too late.
We are hosting classes monthly. The next class is
being held on:
November 5th-6th, 2002
If you’d like to participate (and if you qualify),
please call MBC at: 1-800-896-7990
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Jimmy Chen (7th from right); Rod Weaver,
MBC International Marketing Director (4th from
right) with wife, Diane; and Simon Mar (2nd
from right), Asian Marketing Director
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Wang, Shao-Feng (center at table) with Group
from Suei-Tai Insurance Brokerage, Taiwan
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| Fundación
Dar Amor
This past summer, MBC donated a $5000 check
to the Fundación Dar Amor for Babies
and Children Living with AIDS in Bogota, Colombia.
The Fundación was established in December
1992 as a non-profit organization to help needy
children afflicted with HIV/AIDS in Cali, Colombia.
In December 1994, with the guidance of its founder,
Father Ernesto Andrés Sardi, the program
expanded into Bogota. Often, these children
have been rejected by their families and are
orphans. Currently, the Fundación cares
for 33 children, 18 of which live at the home.
The services offered here include medical care,
ambulatory service, hospitalization, intermediate
care, psychological assistance, and much more.
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From Left to Right: Jorge Ceron, MBC
Agents Cynthia Posner and Edith Granados,
and Father Sardi (Founder of the Fundación),
and two children who live at the home
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The
Fundación not only tends to the emotional and
physical needs of these children, but also offers
many educational programs to the public at large through
conferences, workshops, videos, articles and seminars.
To keep their doors open, the Fundación relies
on donations by private and community organizations
and fundraisers.
Mutual
benefits continues support of the american Cancer
Society.
In addition, Mutual Benefits Corporation has continued
its staunch support of The American Cancer Society.
MBC, which donated $10,000 for this charity event,
is the Flagship Sponsor of the upcoming Making Strides
Against Breast Cancer: The Walk in Ft. Lauderdale.
Since
1993, Making Strides has been the American Cancer
Society’s rallying cry to raise awareness and
dollars to fight breast cancer. Last year, 325,000
walkers across the country collected more than $26
million. Making Strides pledges are dedicated to life-saving
American Cancer Society research, education, patient
support and advocacy programs to defeat this disease.
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MBC’s
ever-growing Latin American team is busy conducting
seminars and teaching agents and investors why
they should only work with MBC when dealing
with viatical and life settlements. MBC is the
number-one life settlement company in Latin
America offering these products. Our team has
recently presenting seminars in such countries
as Mexico, Ecuador, Chile, Venezuela, Dominican
Republic, Costa Rica, Brazil, Panama, and in
many cities in Colombia. The picture below was
taken at a recent seminar in Ecuador. |
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Top Row from Left to Right: MBC Sales
Representative Luis Casanas, International
Marketing Director Michael Trombino, Sales
Representatives Kelly Maruri and Arlette
Marin and International Marketing Director
Tom Trombino. Bottom Row: Representatives
from the hotel. |
|
 Mutual
Benefits Corporation is one of the largest viatical
and life settlement providers in the country and is
licensed in more states than any other viatical company
that funds policies through individual purchasers.
MBC was incorporated in Ft. Lauderdale, Florida in
1994 and has worked closely with more than 26,000
purchasers of life insurance policies. Viatical and
life settlements funded through Mutual Benefits Corporation
are non-stock products and offer fixed, total returns
of 12%, 21%, 28%, 42%, and up to 72%. Purchasers (or
their assignees) become direct beneficiaries on the
policies and receive principal plus a fixed return
when the policy matures. MBC has funded the sale of
life insurance policies from America's top-rated insurance
companies rated B+ or better by A.M. Best. MBC settlements
may be eligible for IRAs, SEPs, and other pension
plans. MBC is an active member of the Viatical and
Life Settlement Association of America and has helped
thousands of terminally ill and senior citizens by
offering a program that provides a practical solution
for financial hardship.
For further information, or to submit newsletter story
ideas please contact:
Kim
Morgan
Public Relations Director
200 East Broward Blvd., 10th Floor • Ft. Lauderdale,
FL 33301
(954) 525-8885 • Toll Free: 800-896-7990 •
Fax: (954) 525-8664
Email: embc@mutualbenmail.com
www.mutualbenefitscorp.com
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Recently,
Mutual Benefits Corporation sent out a survey
to more than 3,000 individuals who sold a
life insurance policy through MBC. The response
we received was tremendous, and we are happy
to report that most of these policy sellers
were able to achieve the financial goals they
had planned when they sold their policies.
The following sample questions and answers
were taken directly from this survey. While
the identity of each participant remains confidential,
the responses below are printed with their
respective permission.