SOURCE: INSCOR, Inc.

INSCOR, Inc.

June 07, 2013 08:30 ET

INSCOR, Inc. Plan Helps Professional Athletes and Entertainers Build Wealth

NEW YORK, NY--(Marketwired - Jun 7, 2013) - It's no secret that most spend what they make. Athletes, entertainers and other high net worth individuals are certainly no different as it's well documented that many affluent individuals go broke for many reasons. INSCOR, Inc. (PINKSHEETS: IOGA) has a plan for those individuals specifically modeled after the Financed Insurance Trust (FIT) plan the company uses to help corporations, university systems, hospitals, municipalities and other government entities fund their employees post-employment benefits.

According to Sports Illustrated magazine, almost 80 percent of National Football League players flirt with bankruptcy only two years after retiring, and 60 percent of National Basketball Association players are broke within five years of retirement. Entertainers aren't immune from bankruptcy either. The headlines are littered with well known Hollywood actors and actresses and names from the music industry that lost the fortunes they built.

Athletes and entertainers squander millions of dollars due to bad decisions, lavish spending and poor financial planning. Well, INSCOR has designed a FIT plan to act as a great vehicle in the defense of an individual's ability to maintain his/her high net worth. A FIT plan is a life insurance strategy that finances the cost of a permanent life insurance policy through major lending institutions. Policy cash values provide collateral and are later used, in part, to retire the loan including principal and interest.

Not only is INSCOR's FIT plan a great tool to protect wealth for these high net worth individuals, but it can also be used to build wealth. Thousands have purchased large, permanent life insurance policies at amounts ranging from $2 Million to $200 Million, with most of those individuals never having to spend a dime of their own money.

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