SOURCE: INSCOR, Inc.

INSCOR, Inc.

March 22, 2013 08:30 ET

INSCOR, Inc. Names New CEO and President to Management Team

LAS VEGAS, NV--(Marketwire - Mar 22, 2013) - INSCOR, Inc. (PINKSHEETS: IOGA) is pleased to officially announce its top management team. INSCOR has appointed Richard Doerr as the company's new CEO, and Richard Krabbeler has been named the new President at INSCOR, Inc.

Both Doerr and Krabbeler have been the managing members of CPS Nevada Insurance Services (CPS) since purchasing the organization from the previous owners in 2007. CPS is a highly successful national brokerage organization with contracted brokers throughout the country.

Keith McAllister, Chairman of INSCOR's Board of Directors, said of the appointments, "With over 60 years between them in life insurance marketing and administration, these businessmen bring a wealth of knowledge and experience to INSCOR. I am confident that they possess the tools necessary to build our company into a leader in innovation within the insurance industry."

Prior to becoming a partner in CPS, Doerr's experience included 13 years as a regional brokerage manager for CNA Life Insurance Companies and general agency owner for several top insurance companies dating back to 1984. 

The new CEO's focus over the past few years relative to the formation of INSCOR has been the development of strategic partnerships and relationships with professionals and financial institutions in the creation of financing insurance strategies. Specifically, these strategies include liquidity and funding solutions for high net-worth clients, corporations and municipalities.

Richard Krabbeler has significant agency building experience as a sales manager with Equitable in the 1980s and later as manager of Mutual of Omaha's largest and most successful sales organization. Krabbeler's focus on successful business development with CPS will continue as President of INSCOR. In addition, he is working closely with key strategic partners in expanding high-level relationships with municipalities and corporations for the education and marketing of INSCOR FIT programs.

About INSCOR, Inc.

INSCOR specializes in educating and marketing the FIT OPEB plan to municipalities and corporations as a low-cost solution to funding retiree and other employee benefits. A FIT plan variation also works for affluent individuals, entertainers and professional athletes -- whether for estate planning or funding cash flow needs. INSCOR's "FIT" (Financed Insurance Trust) strategy uses a combination of favorable financing terms, innovative uses of specific life insurance products and trusts -- all of which result in minimum levels of out-of-pocket costs for producing significant future funding and revenue stream opportunities.

Contact Information

  • Contact:
    Richard Doerr
    CEO
    702-248-6901