Reverse annuities 3.0

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Reverse annuities 3.0

  1. 1. 2 INDICATIVE SUMMARY THE REVERSE ANNUITY PROTOCOL A STRATEGIC WEALTH ACCUMULATION INITIATIVE POSTSCRIPT VENTURES, INC. PALM COAST, FLORIDA 321642 consultant33psv@yahoo.com  203.824.1350 CellThe information contained herein is being disclosed to the recipient upon the expressunderstanding that the recipient agrees to keep the entire contents of this documentconfidential and that nothing contained herein will be reproduced in any manner whatsoeverwithout prior written consent from Postscript Ventures, Inc.©2012 POSTSCRIPT VENTURES, INC.All Rights Reservedreverseannuities3-0-130411111957-phpapp01.doc
  2. 2. CONTENTSINVESTMENT OVERVIEW .....................................................................................................................................1 REVERSE ANNUITY PROTOCOL ......................................................................................................................1 ACCRUAL RESERVE ............................................................................................................................................1 REVERSE ANNUITIES................................................................................................................................................1 COMPOSITION OF THE REVERSE ANNUITY ..............................................................................................................1 STATUTORY ASSURANCES ........................................................................................................................................1 INVESTMENT POTENTIAL ..........................................................................................................................................2THE REVERSE ANNUITY TRANSACTION .........................................................................................................4 THE REVERSE ANNUITY INDENTURE .......................................................................................................................4 HEALTH-RISK PROFILE.............................................................................................................................................4 TRANSACTIONAL CLASSIFICATION..........................................................................................................................4SAFEGUARD REGIMEN ..........................................................................................................................................5 THE PROTECTED CASH-FLOW ENVIRONMENT .......................................................................................................5 COMPOSITION OF THE SAFEGUARDREGIMEN .....................................................................................................5PROGRAM COORDINATOR ...................................................................................................................................6 POSTSCRIPT VENTURES, INC. .................................................................................................................................6reverseannuities3-0-130411111957-phpapp01.doc
  3. 3. POSTSCRIPT VENTURES, INC. CONFIDENTIAL FACTSHEET INVESTMENT OVERVIEWREVERSE ANNUITY PROTOCOLThe REVERSE ANNUITY PROTOCOL is a proprietary financial procedure which accumulates alucrative portfolio of self-amortizing REVERSE ANNUITIES1 in a turnkey ACCRUAL RESERVE.The entire accumulation process is safeguarded by a professionally administered regimen[see: “SAFEGUARD REGIMEN”]. Ownership of the ACCRUAL RESERVE is available to investorsseeking extensive monetary growth with nominal investment risk, who are prepared to issuea bona fide commitment to provide the capitalization of 15 million USD contributable overthe first two years.ACCRUAL RESERVE. Established as a turnkey wealth accumulation repository for the solefinancial benefit of its vested owners, the ACCRUAL RESERVE is administered byindependent professional entities2 who are engaged to accumulate and safeguard adynamically expanding portfolio of officially recorded REVERSE ANNUITIES which generaterewarding yields for the ACCRUAL RESERVE’S owners. The assets of the ACCRUAL RESERVEwill mainly consist of retained earnings accumulated under officially recorded REVERSEANNUITY indentures. Accordingly, this market-responsive undertaking will generatesubstantial monetary growth for registered owners of the ACCRUAL RESERVE.REVERSE ANNUITIES. REVERSE ANNUITIES provide eligible retirees with a lifetime of financialassistance by accessing the equity in their conveyed insurance products (e.g. life insurance,deferred annuities, etc.). With over 1.5 trillion dollars of life-based insurance productscurrently in the possession of our senior citizens, the REVERSE ANNUITY PROTOCOL willundoubtedly provide meaningful financial assistance to this uneasy sector of our populationwhich is conspicuously underserved.REVERSE ANNUITIES are profitable funding transactions entirely safeguarded with guaranteedSettlement Benefits which are pledged as collateral by senior candidates. Each Settlementis the future death benefit payment of a collateralizing insurance product, which isirrevocably conveyed to the ACCRUAL RESERVE in order to safeguard payment of thecandidate’s entire debt obligation due under their REVERSE ANNUITY indenture. EverySettlement Benefit is underwritten with an irrevocable statutory guarantee [see: “StatutoryAssurances”].COMPOSITION OF THE REVERSE ANNUITYEach Reverse Annuity is structured to generate sustainable earnings for the PROTOCOLthrough the analytically responsive funding of their Annuity Advances. Qualifying seniorretirees will assign their interest in, and right to receive death benefits from their insurancecarriers in return for lifetime Annuity Advances calculated at an analytically establisheddiscount to the death benefits of their collateralizing life-based insurance products. ThePROTOCOL earns a return on investment in exchange for assuming the funding of AnnuityAdvances and the cost of insurance associated with the realization of its prorated share ofthe collateralizing Settlement Benefits.STATUTORY ASSURANCESInsurance guaranty funds have existed in all states since 1991. Coverage is generallylimited to a maximum of $300,000 to $500,000 for individual claimants. The overridingeffect is to make death benefit payments immune from insurer default. Generally speaking,if a domestic insurer is impaired or insolvent, each State Insurance Commission will cause1 REVERSE ANNUITIES are a purely financial concept, not an insurance product.2 The business activities of the RESERVE are conducted under a completely transparent monetaryregimen administered by an Annuity Provider, a Fiduciary Designee and selected actuarial andanalytical specialists.reverseannuities3-0-130411111957-phpapp01.doc Page 1
  4. 4. POSTSCRIPT VENTURES, INC. CONFIDENTIAL FACTSHEET INVESTMENT OVERVIEWthe life-based insurance products of residents to be guaranteed, assumed or reinsured;thereby assuring that the death benefits will be fully paid.INVESTMENT POTENTIALOnce capitalized with a financial commitment of 15 million dollars, the ACCRUAL RESERVEwill leverage-up the working capital of its original ram-up pool of structured REVERSEANNUITIES by systematically reinvesting its accrued receivables in additional REVERSEANNUITIES. This regimen assures consistent funding of new REVERSE ANNUITIES, accumulatinga dynamically expanding portfolio of retained earnings with the monetary propensity toincrease exponentially, accruing a profit of some 18 million dollars by the end of the fifthyear (e.g. a 26% IRR with an investment yield of 121%) [see: Figure 1]. FIGURE 1. RETAIN ED EARN IN GS ebit a ($ mil l io n s) 5 $18 4 $12 YEAR 3 $6 2 $2 1 $ 0 .6REVERSE ANNUITIES are the income engine that drives this ACCRUAL RESERVE with theircollateralizing life-based insurance products underwritten with statutory assurances [see:“Statutory Assurances”]. Accordingly, this protected 15 million dollar regimen engenders afinancial profile capable of ramping-up operations with over 200 REVERSE ANNUITIES. Duringthe ramp-up period3, the assimilated collateral will exceed an aggregate maturity value of 78million dollars, increasing to an aggregate maturity value of 131 million dollars by the fifthyear [see: Figure 2].3 The ramp-up period is defined as the period required to originate the initial tranche of ReverseAnnuities, which is expected to take approximately 3 months.reverseannuities3-0-130411111957-phpapp01.doc Page 2
  5. 5. POSTSCRIPT VENTURES, INC. CONFIDENTIAL FACTSHEET INVESTMENT OVERVIEW FIGURE 2. C o l at er al C o v er ag e ($ mil l io n s ) EXC ES S C O L L ATERAL $94 O UTS TAN D IN G AN N UITIES $74 $71 $69 $70 ` $41 $35 $26 $16 $7 1 2 3 4 5 Yea rreverseannuities3-0-130411111957-phpapp01.doc Page 3
  6. 6. POSTSCRIPT VENTURES, INC. CONFIDENTIAL FACTSHEET THE REVERSE ANNUITY TRANSACTION 7. Debt Obligation payments AUTHORIZED FIDUCIARY DESIGNEE 6. Death benefit payments INVESTOR OWNED 4. 8. ACCRUAL 2. 5. remaining INSURANCE Convey Monthly Interest RESERVE Annuity Payments Settlement CARRIER 1. Policies Advances payments Pledge Settlement Benefits SENIOR ANNUITANTS ANNUITANT BENEFICIARIES 3. Reverse Annuity IndenturesTHE REVERSE ANNUITY INDENTUREREVERSE ANNUITIES are highly leveraged and fully collateralized investment transactions,individually perfected through officially recorded REVERSE ANNUITY indentures which empowereligible seniors to financially access the current equity in their conveyable life-basedinsurance products. The indentures provide senior with monthly Annuity Advances for theremainder of their life. Every indenture is configured as a first-priority accruing debtobligation of a senior recipient, consisting of fixed monthly Annuity Advances paid to thesenior, and serviced with compounded monthly interest obligations paid to the ACCRUALRESERVE with the entire accrued debt obligation under the indenture paid to the ACCRUALRESERVE directly from the guaranteed cash proceeds of the pledged Settlement Benefit.HEALTH-RISK PROFILEMost insureds whose policies qualify for inclusion as collateral in official REVERSE ANNUITIESare required to fit a general health-risk profile. They must be 70 years of age or older anddiagnosed with impaired health conditions due to a downturn in wellness after originallybeing insured. Accordingly, diligent screening and reliable medical evaluations coupled withconservative actuarial analysis and appropriate fiscal assessments will effectively ensurethat only acceptable insurance products are identified as collateral for REVERSE ANNUITIES thatare officially granted by the REVERSE ANNUITY PROTOCOL.TRANSACTIONAL CLASSIFICATIONREVERSE ANNUITIES are similar in framework to reverse mortgage transactions, except for the monetaryresults generated by their respective pledged collateral. While both classifications are mortality-basedcollateralized funding transactions that are enhanced with government guarantees, REVERSE ANNUITIESare financially superior debt obligations with monetary benefits engendered by a far more dependableand less volatile pledged asset class. Unlike residential real estate liquidations which are susceptible tounpredictably adverse occurrences4, each Settlement Benefit is always equal to the pledged life-basedinsurance product’s Face Value, regardless of prevailing economic circumstances.4 Real estate investments are consistently impacted by arbitrary economic factors, e.g. an unstable real estate market riddledwith mercenary derivative schemes and volatile property values, unavoidably coupled with escalating real estate taxes,unanticipated property deterioration, endless maintenance and upkeep, etc., and the continuous uncertainty of erraticdemographics and impetuous overbuilding, zoning, environmental changes and natural disasters.reverseannuities3-0-130411111957-phpapp01.doc Page 4
  7. 7. POSTSCRIPT VENTURES, INC. CONFIDENTIAL FACTSHEET SAFEGUARD REGIMENTHE PROTECTED CASH-FLOW ENVIRONMENTPSV’s SAFEGUARD REGIMEN provides comprehensive administration of the REVERSE ANNUITYPROTOCOL under which independent professional entities manage and conserve thetransparent accrual of individually structured REVERSE ANNUITY transactions, preserving theirlucrative earnings in an entirely protected cash-flow environment. INVESTORS 2 1 Investors deposit Program funds to capitalize Coordinator the ACCRUAL licenses Investors RESERVE to own an ACCRUAL RESERVE PROGRAM FIDUCIARY 6 COORDINATOR INVESTOR OWNED DESIGNEE Fiduciary CERTIFIED ACCRUAL Designee 3 RESERVE conducts all Program monetary Coordinator activities for the assists in ACCRUAL establishing the RESERVE ACCRUAL RESERVE for the Investors 4 5 Program Coordinator Annuity Provider establishes REVERSE originates and ANNUITY funding administers all REVERSE Parameters ANNUITIES for the 6 ACCRUAL RESERVE Actuarial Specialists conduct analysis of prospective REVERSE ANNUITIES ANNUITY ACTUARIAL ADMINISTRATOR SPECIALISTSCOMPOSITION OF THE SAFEGUARD REGIMENPostscript Ventures, Inc. (PSV) will oversee the SAFEGUARD REGIMEN performance which willbe contractually undertaken by the folowing professional Authorized Entities that will becompensated for their services only with performance based fees: ANNUITY PROVIDER – Appointed by PSV, the Annuity Provider is an independent service entity that is staffed with industry specific specialists responsible for originating and servicing all REVERSE ANNUITIES for the financial benefit of the licensed owners of the REVERSE ANNUITY PROTOCOL. ACTUARIAL SPECIALISTS – Appointed by PSV, independent Actuarial Specialists will augment the process by conducting an analysis of the actuarial composition of the prospective REVERSE ANNUITIES. FIDUCIARY DESIGNEE – Appointed by the PROTOCOL’S registered owners, the Fiduciary Designee is an established financial entity responsible for monetarily servicing all REVERSE ANNUITIES on behalf of the PROTOCOL’S registered owners, the senior recipients, the seniors’ beneficiaries, Annuity Provider and PSV.reverseannuities3-0-130411111957-phpapp01.doc Page 5
  8. 8. POSTSCRIPT VENTURES, INC. CONFIDENTIAL FACTSHEET PROGRAM COORDINATORPOSTSCRIPT VENTURES, INC.Postscript Ventures, Inc. (PSV) is a financial services organization incorporated under thelaws of the State of Delaware. Its department of financial strategists possesses significantdomain expertise in the development of innovative capital resource strategies. Since 1976,they created proprietary capital resource strategies for the following organizations: (i)ENERGY: AT&T, U.K. Atomic Energy, Atlantic Richfield, Baker Oil, Cities Service, DowellSchlumberger, Exxon, Pennzoil, Plough, Phillips Petroleum, Shell Oil; (ii) TECHNOLOGY: LittonIndustries, ITT Distributors, Xerox, Boeing, Bell Telephone Laboratories, W. W. Grainger,General Motors, Otis Elevator, Duracell, British Aerospace, Ingersoll-Rand, American Honda,Control Data, Bell Aerospace Textron, Hughes Aircraft, Panasonic, Westinghouse, WesternElectric; (iii) UTILITIES: Tampa Electric, New York Telephone, Puget Sound Power & Light,Florida Power & Light, Central Telephone & Utilities, General Telephone & Electronics,Michigan Bell Telephone, New England Power & Light, Kansas Power & Light; (iv) CONSUMERPRODUCTS: Nestle, Kraft Foods, Coming, Kimberly-Clark, General Foods, Winn Dixie Stores,Sears Roebuck, Johnson & Johnson, Bristol Myers, Seagram, British American Tobacco,Kmart, Avon Cosmetics, Coca-Cola Bottling; (v) FINANCE: American Express, Chemical Bank,Chase Manhattan Bank, Citizens & Southern National Bank, Citibank, E.F. Hutton, EuropeanAmerican Bank, London Stock Exchange, Merchants National Bank, Salomon Brothers, SwissBank Corp., Shearson/Lehman, MasterCard, State Street Bank, Manufacturers & TradersTrust; (vi) INSURANCE: Title Insurance & Trust, Travelers Insurance, Nationwide MutualInsurance, Farmers Group, Sentry Insurance, The Continental Group and (vii) MEDIA: NewYork Times, CBS, Newsweek.Since 2002, PSV has specialized in originating turnkey wealth accummulation initiativescontaining lucrative capital resource strategies, augmented with extensive risk managementoversight embodying effective asset custodial safeguards combined with qualitative fiduciarycontrols. PSV licenses its turnkey wealth accummulation initiatives to financially qualifiedinvestors seeking protracted monetary growth through professionally implemented turnkeyundertakings. PSV applies proprietary financial modeling and procedural documentationaccompanied with technical support to facilitate the diligent operation of its market-responsive financial undertaking.PSV designed the REVERSE ANNUITY PROTOCOL as a protected income/growth initiativewhich generates substantial long-term earnings for investors willing to fund individuallystructured REVERSE ANNUITIES that provide meaningful financial assistance to seniorrecipients. The PROTOCOL engenders a secure business environment in which to issue,service and accumulate individually structured lifetime REVERSE ANNUITIES for eligible seniorrecipients through an entirely analytical funding discipline.REVERSE ANNUITIES were created by PSV as a purely financial concept that provides lifetimefinancial assistance to seniors Retirees. They are systematically accumulated under thestatistical constraints of the PROTOCOL’S actuarially responsive assessment regimen, whichis completely administered by Authorized Entities for the sole financial benefit of theACCRUAL RESERVE registered owners.PSV will oversee the analysis of applicant information collected by the Annuity Provider, andtogether with the requisite investment yield of the ACCRUAL RESERVE’S owners, determinesthe future stream of endurable lifetime Annuity Advances that each collateralizing insuranceproduct can support. Once underwriting standards, eligibility criteria and regulatorycompliances are satisfied, PSV will review the pending transactions to ensure that the yieldhorizon of the ACCRUAL RESERVE will be met by the collateralizing insurance product. PSVwill establish a valuation profile for each prospective REVERSE ANNUITY and furnish theAnnuity Provider with suitable offers to be extended to each approved senior applicant.reverseannuities3-0-130411111957-phpapp01.doc Page 6

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