NYCinvestments writes "If you havent read the NY times article on spinlife, you should probrobly read it at www.spinlifeins.com
February 19, 2008 (XTVWorld.Com) -- It is there where a billion dollar bussiness was created between seniors and Life Insurance policies. Spin Life INS started out in mid 2007 from an Asset MGMT company which owns a major controlling interest in Spin Life.
Vice president Jonathan Hercsky says "we started not knowing if we would go up or down, now we need 7-8 figure digits of funding to support the overwheming response of clients wanting life insurance".
Picture
owning a home that is worth 5 million that will only continue to appreciate in value over time. This is the instance with life insurance policies. As a senior gets older there $5 million policy becomes more and more valuable to the point where an investor would purchase it for an extreme price. This business is not new, it has been around for years.
Mr Hercsky says now that seniors are seeing the benifits there friends and friends of theres are all looking to get life insurance on themselves. We hear
of warren buffet, and major Financial institutions b! uying into life insurance policies. Were talking into the billions and no they are not investing in real estate, this is the new real estate.
So if your between the ages of 74-85 in good health visit www.spinlifeins.com the worst that could happen is you wont get approved.
Contact:
www.spinlifeins.com
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