Wednesday, August 27, 2008
Finance For Life: Recap of August Activity
The following is a brief sampling of the August activity at Finance For Life.
Finance For Life Announces New Company Hires
Premium Finance Leader Adds Key Positions To Growing Staff
Finance For Life, an industry leader in premium finance since 2005, announced the addition of several new company hires. They are:
Tina England joins Finance For Life as Executive Assistant. She has a strong background in paralegal work and office administration. Ms. England will act as the personal assistant to the President, Ronnie Katz, and will handle most of the duties relating to office management.
Rachel McKinley joins Finance For Life as Case Pricing Specialist. She will handle case pricing, case manager assistance and order specialized reports and records. Ms. McKinley will work under the direction of Gershon Yarmush, Vice President Of Operations for Finance For Life.
According to Ronnie Katz, CPA and President of Finance For Life, “We have seen more cases through the midway point of 2008 than we saw in all of 2007. As a result, we are adding staff to assure efficient operation and case processing.”
Finance For Life Continues to Add Insurance And Financing Services to Existing Product Line
Premium Finance Leader Adds New Products and Expands Services to Accommodate Client Needs
Finance For Life today announced it has recently added several new products and services to its existing array of programs and services, including:
• “Beat The Street” Program: Program designed to facilitate highest commissions available to high end producers facilitated through FFL’s excellent relationships with top GA’s.
• Case Consulting & Processing: FFL will thoroughly review producers’ cases, process them and interact with the GA from underwriting through getting the policy placed.
• Sales Assistance: FFL will assist producers in sales of both traditional and premium financed products, by assisting in direct meetings with the client.
• Life Insurance Sales: Life Insurance sales – for both traditional insurance needs and premium finance.
Ronnie Katz, CPA and President of Finance For Life comments on the expansion, “We are adding to our existing products and services to meet the demands of our expanding client base. Due to our excellent relationships with GA’s and premium finance lenders, we are able to offer agents more compensation and better results in getting cases successfully premium financed. We have added staff to assure efficient operations and the very best in customer service and support.”
About Finance For Life
In addition to the growing staff, Finance For Life continues to add life insurance and financing services to better serve its clients. FFL now offers life insurance sales, case processing, premium financing, case design, and sales assistance. The company works with the most reputable and flexible providers of life insurance loans available to seniors. Finance For Life has brokered nearly 1 billion dollars in death benefit for affluent seniors and their families. Their professional, experienced, and caring team has led to a reputation for exceptional customer service, diligence, and utmost respect for client confidentiality and privacy.
To speak to a representative or to find out more information on premium financing, please contact a representative at Finance For Life:
Phone: 877-763-0098
Email info@financeforlife.com
Tuesday, August 12, 2008
Finance For Life Continues to Add Insurance And Financing Services to Existing Product Line
Premium Finance Leader Adds New Products and Expands Services to Accommodate Client Needs
Memphis, TN, August 13, 2008 – Finance For Life today announced it has recently added several new products and services to its existing array of programs and services, including:
• “Beat The Street” Program: Program designed to facilitate highest commissions available to high end producers facilitated through FFL’s excellent relationships with top GA’s.
• Case Consulting & Processing: FFL will thoroughly review producers’ cases, process them and interact with the GA from underwriting through getting the policy placed.
• Sales Assistance: FFL will assist producers in sales of both traditional and premium financed products, by assisting in direct meetings with the client.
• Life Insurance Sales: Life Insurance sales – for both traditional insurance needs and premium finance.
Ronnie Katz, CPA and President of Finance For Life comments on the expansion, “We are adding to our existing products and services to meet the demands of our expanding client base. Due to our excellent relationships with GA’s and premium finance lenders, we are able to offer agents more compensation and better results in getting cases successfully premium financed. We have added staff to assure efficient operations and the very best in customer service and support.”
About Finance For Life
Since its inception in 2005, Finance For Life has experienced growth in both annual revenue and company size. FFL works with the most reputable General Agencies and life insurance premium finance lenders available to insureds of all ages. Finance For Life has brokered nearly 1 billion dollars in death benefit for affluent seniors and their families and those of all ages. Their professional, experienced and dedicated team has earned Finance For Life a reputation of providing exceptional customer service, diligence and utmost respect for client confidentiality and privacy.
To speak to a representative or to find out more information on Finance For Life’s products and services, please contact a representative at:
Phone: 877-763-0098
Email info@financeforlife.com
Memphis, TN, August 13, 2008 – Finance For Life today announced it has recently added several new products and services to its existing array of programs and services, including:
• “Beat The Street” Program: Program designed to facilitate highest commissions available to high end producers facilitated through FFL’s excellent relationships with top GA’s.
• Case Consulting & Processing: FFL will thoroughly review producers’ cases, process them and interact with the GA from underwriting through getting the policy placed.
• Sales Assistance: FFL will assist producers in sales of both traditional and premium financed products, by assisting in direct meetings with the client.
• Life Insurance Sales: Life Insurance sales – for both traditional insurance needs and premium finance.
Ronnie Katz, CPA and President of Finance For Life comments on the expansion, “We are adding to our existing products and services to meet the demands of our expanding client base. Due to our excellent relationships with GA’s and premium finance lenders, we are able to offer agents more compensation and better results in getting cases successfully premium financed. We have added staff to assure efficient operations and the very best in customer service and support.”
About Finance For Life
Since its inception in 2005, Finance For Life has experienced growth in both annual revenue and company size. FFL works with the most reputable General Agencies and life insurance premium finance lenders available to insureds of all ages. Finance For Life has brokered nearly 1 billion dollars in death benefit for affluent seniors and their families and those of all ages. Their professional, experienced and dedicated team has earned Finance For Life a reputation of providing exceptional customer service, diligence and utmost respect for client confidentiality and privacy.
To speak to a representative or to find out more information on Finance For Life’s products and services, please contact a representative at:
Phone: 877-763-0098
Email info@financeforlife.com
Thursday, August 07, 2008
Growth Continues for Finance for Life
(As seen in Memphis Daily News, August 4,2008 Edition)
ERIC SMITH | The Daily News
Ronnie Katz started Finance for Life in 2004 in a tiny East Memphis office. The company now employs 15 and operates in 9,200 square feet in the SunTrust Building. --
It’s easy to track the growth of Finance for Life, the premium finance brokerage firm that Ronnie Katz launched in 2004 as a one-man operation in a 120-square-foot office on June Road in East Memphis.
The company has expanded steadily over the past four years: In 2005 Katz added three employees and moved into an office six times as big as the shoebox where he began; in 2006 he added new employees and moved to 9,200 square feet in the SunTrust Building on Poplar Avenue; and within the past few weeks, more personnel came aboard, bringing Finance for Life’s total to 15 employees.
But Katz’s company has prospered in quantifiable categories other than office square footage and payroll.
Since its inception, Finance for Life (www.financeforlife.com) has processed more than $10 billion in life insurance policies and brokered nearly $1 billion in death benefits for affluent seniors and their families. In 2007 it closed $15 million of target premium – what a policyholder pays on life insurance – and through June 30 of this year, Finance for Life already had surpassed that total with expectations of hitting $30 million by year’s end.
MEETING TIME: Since its inception, Finance for Life has processed more than $10 billion in life insurance policies and brokered nearly $1 billion in death benefits for affluent seniors and their families. Here, the staff members meet in the board room of its Poplar Avenue offices.
For Katz, all the growth is the result of getting into the business at the right time, when few companies locally or nationally were offering such a niche array of financial services.
“I knew it was a great opportunity, and I knew there was a great need for it,” said Katz, who worked as a certified public accountant in the area for 24 years before starting the company. “But things accelerated much quicker than I possibly could have imagined.”
Hot market
Premium financing is basically a loan that helps someone pay for their life insurance, hence the name of the company. Financing life insurance premiums can benefit someone planning an estate, retaining assets or establishing charitable donations. It’s geared toward seniors and high net worth individuals of all ages.
Finance for Life offers life insurance sales, case processing, premium financing, case design and sales assistance, working with numerous providers of life insurance loans. Katz said when he first started talking about these products – even to legal and financial professionals – most people didn’t know anything about them. That’s changed in the past four years.
“What’s happened over time is it’s become much more of a popular concept,” he said. “Premium financing is very hot right now for those who have a lot of assets but don’t necessarily have a lot of cash, so they’re looking for ways to get the insurance they need on their appreciated assets for estate planning purposes.”
The key is diversity and innovation for consumers and the life insurance professionals who become Finance for Life clients.
“No one likes the idea of forking up cash for life insurance,” Katz said. “We have strategies where we show clients how they can get this life insurance, not fork up cash, keep their cash invested and still get the kind of coverage they need. There’s a great need for that.”
Key location
Katz said the company started out in the senior market with specialized loan programs for those 70 and older, later branching into financing of policies for all ages. The timing was critical, as more and more baby boomers began to age.
“We got in very early, and we established ourselves across the country through a lot of Internet marketing, national advertising in magazines and getting our name in articles, which is always very helpful,” he said.
Katz’s management team includes vice president of operations Gershon Yarmush and closing manger Marvin Rubenstein. Finance for Life’s largest markets are Southern California, South Florida, Texas and New York, with relatively few clients in the company’s hometown.
“Memphis is a very centrally located place to work from,” he said. “Dollar-wise, overhead-wise, it makes a lot of sense to be here. But very little of our business comes from Memphis.”
Katz hopes that will change, hence the hiring of additional sales staff with potentially more on the way. With the success the company has enjoyed in 2008 already, it seems likely that Finance for Life will eventually double to Katz’s goal of 30 employees.
“I don’t know that I see any extreme growth spurts like we saw this year, but I see steady growth and a continued demand for life insurance,” Katz said. “For our company, I see a continued growth trend, similar to what we’ve seen this year – not so much with the same products, but with an addition of products and with different strategies.”
Share
ERIC SMITH | The Daily News
Ronnie Katz started Finance for Life in 2004 in a tiny East Memphis office. The company now employs 15 and operates in 9,200 square feet in the SunTrust Building. --
It’s easy to track the growth of Finance for Life, the premium finance brokerage firm that Ronnie Katz launched in 2004 as a one-man operation in a 120-square-foot office on June Road in East Memphis.
The company has expanded steadily over the past four years: In 2005 Katz added three employees and moved into an office six times as big as the shoebox where he began; in 2006 he added new employees and moved to 9,200 square feet in the SunTrust Building on Poplar Avenue; and within the past few weeks, more personnel came aboard, bringing Finance for Life’s total to 15 employees.
But Katz’s company has prospered in quantifiable categories other than office square footage and payroll.
Since its inception, Finance for Life (www.financeforlife.com) has processed more than $10 billion in life insurance policies and brokered nearly $1 billion in death benefits for affluent seniors and their families. In 2007 it closed $15 million of target premium – what a policyholder pays on life insurance – and through June 30 of this year, Finance for Life already had surpassed that total with expectations of hitting $30 million by year’s end.
MEETING TIME: Since its inception, Finance for Life has processed more than $10 billion in life insurance policies and brokered nearly $1 billion in death benefits for affluent seniors and their families. Here, the staff members meet in the board room of its Poplar Avenue offices.
For Katz, all the growth is the result of getting into the business at the right time, when few companies locally or nationally were offering such a niche array of financial services.
“I knew it was a great opportunity, and I knew there was a great need for it,” said Katz, who worked as a certified public accountant in the area for 24 years before starting the company. “But things accelerated much quicker than I possibly could have imagined.”
Hot market
Premium financing is basically a loan that helps someone pay for their life insurance, hence the name of the company. Financing life insurance premiums can benefit someone planning an estate, retaining assets or establishing charitable donations. It’s geared toward seniors and high net worth individuals of all ages.
Finance for Life offers life insurance sales, case processing, premium financing, case design and sales assistance, working with numerous providers of life insurance loans. Katz said when he first started talking about these products – even to legal and financial professionals – most people didn’t know anything about them. That’s changed in the past four years.
“What’s happened over time is it’s become much more of a popular concept,” he said. “Premium financing is very hot right now for those who have a lot of assets but don’t necessarily have a lot of cash, so they’re looking for ways to get the insurance they need on their appreciated assets for estate planning purposes.”
The key is diversity and innovation for consumers and the life insurance professionals who become Finance for Life clients.
“No one likes the idea of forking up cash for life insurance,” Katz said. “We have strategies where we show clients how they can get this life insurance, not fork up cash, keep their cash invested and still get the kind of coverage they need. There’s a great need for that.”
Key location
Katz said the company started out in the senior market with specialized loan programs for those 70 and older, later branching into financing of policies for all ages. The timing was critical, as more and more baby boomers began to age.
“We got in very early, and we established ourselves across the country through a lot of Internet marketing, national advertising in magazines and getting our name in articles, which is always very helpful,” he said.
Katz’s management team includes vice president of operations Gershon Yarmush and closing manger Marvin Rubenstein. Finance for Life’s largest markets are Southern California, South Florida, Texas and New York, with relatively few clients in the company’s hometown.
“Memphis is a very centrally located place to work from,” he said. “Dollar-wise, overhead-wise, it makes a lot of sense to be here. But very little of our business comes from Memphis.”
Katz hopes that will change, hence the hiring of additional sales staff with potentially more on the way. With the success the company has enjoyed in 2008 already, it seems likely that Finance for Life will eventually double to Katz’s goal of 30 employees.
“I don’t know that I see any extreme growth spurts like we saw this year, but I see steady growth and a continued demand for life insurance,” Katz said. “For our company, I see a continued growth trend, similar to what we’ve seen this year – not so much with the same products, but with an addition of products and with different strategies.”
Share
Finance For Life In The News
(As published in the Memphis Daily News, August 4, 2008 edition)
http://www.memphisdailynews.com/editorial/Article.aspx?id=38036
http://www.memphisdailynews.com/editorial/Article.aspx?id=38036
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