Scope & Range of Services

Structured Settlement Funding

Nationwide Funding Group can get Attorney’s or Claimants cash now for part/all of future cash Structured Settlement payments, from Attorneys ( for their fees ) or Plaintiffs for their Structured Settlement payments. Nationwide Funding Group can purchase for cash future payments from existing structured settlement annuitants. Federal law HR 2884 which took effect on July 1, 2002, granted Structured Settlement payees the right to sell their annuity payments, without tax consequences, via a court review process. With the passing of Federal Law HR 2884, annuity recipients now have the legal right to cash on their annuity payments. The process is protected by court-order, which protects all parties involved – the annuitant, the insurance company, and the factoring source. Note, this new law, even overrides any prior contractual arrangement and many states now recognize the benefit of cashing in settlement payments and will issue a court order allowing for such.

If you have clients that need money now and need to accelerated some or all of their future Structured Settlement Payments for lump-sum cash now

Nationwide Funding Group can also provide loans to Attorney’s ( at low rates ), to help fund their cases.

Plaintiffs frequently have financial hardships that need to be alleviated before their cases settle. Sometimes even attorneys have a need for cash prior to receiving their portion of a case settlement. However, only recently have avenues opened to allow effective addressing of this need.

Nationwide Funding Group can also provide plaintiffs with cash now for essential living expenses or other needs, often times enabling them to get better settlements. Plaintiffs frequently have financial hardships that need to be alleviated before their cases settle. Sometimes even attorneys have a need for cash prior to receiving their portion of a case settlement. To be eligible, the lawsuit should be at least six months old, have a settlement value of at least $20,000. The process is simple & confidential. Types of cases include personal injury, product liability, malpractice FELA, Jones Act, and mass torts.

Jeff is President of Nationwide Lawsuit Funding Group. He is a Certified Public Accountant & Insurance Licensed in the State of Florida.
He holds a Degree in Finance and Insurance and a Masters Degree in Accounting from The University of Florida. In addition, Jeff is a Certified Cash Flow Consultant.
He was previously with the International Accounting Firms of Ernest & Young and KPMG Peat Marwick,
He is a member of ,
• Member of American Institute of Certified Public Accountant’s ( ACIPA )
and
Florida Institute of Certified Public Accountant’s ( FICPA )
• Member of the National and Florida Association of Insurance and
Financial Advisors
• Member of American Cash Flow Institute

Scope & Range of Service

The need for Law-Suit funding services has been present for years. Plaintiffs frequently have financial hardships that need to be alleviated before their cases settle. Sometimes even attorneys have a need for cash prior to receiving their portion of a case settlement. However, only recently have avenues opened to allow effective addressing of this need. Nationwide can provide plaintiffs with cash now for essential living expenses or other needs, often times enabling them to get better settlements. To be eligible, the lawsuit should be at least six months old, have a settlement value of at least $20,000. The process is simple & confidential. Types of cases include personal injury, product liability, malpractice FELA, Jones Act, and mass torts.

Traditionally, plaintiffs and their attorneys have been faced with a recurring predicament: Lack of adequate funds to pursue valid courses of action against deep-pocketed defendants. Thus forcing them to either suspend their cases altogether or accept unreasonably low settlement offers. Large defendants recognize that the prospect of a protracted, costly litigation and/or appeal can provide them with significant leverage in the settlement process, which they use to their advantage.

Until now, plaintiffs have lacked the support needed to overcome this fundamental imbalance in the legal system. Ancient common laws historically prohibited investments in lawsuits ( commonly referred to as champerty or barratry ). However, in recent years, most states have abolished these prohibitions.
Even so, due to the risk of non-recourse investing in lawsuits and appeals, traditional lenders have failed to respond. In addition, those who are in the best position to evaluate and understand the risks involved – attorneys – remain forbidden by ethical rules in most jurisdictions from funding their clients.

Please note, lawyers are allowed under several State BAR rules ( see for example Fla. Bar rule 00-03 ) to suggest to a client where a client may try to obtain financial help ( including non-recourse funding ) for individual needs.

Nationwide Lawsuit Funding Group can also provide loans to Attorney’s ( at low rates ), to help fund their cases.

Funding is also available for ( successful ) cases on Appeal.

In addition, Nationwide Lawsuit Funding Group can also provide Cash now for part/all of future cash Structured Settlement payments, from Attorneys ( for their fees ) or Plaintiffs for their Structured Settlement payments. Nationwide can purchase for cash future payments from existing structured settlement annuitants. Federal law HR 2884 which took effect on July 1, 2002, granted Structured Settlement payees the right to sell their annuity payments, without tax consequences, via a court review process. With the passing of Federal Law HR 2884, annuity recipients now have the legal right to cash on their annuity payments. The process is protected by court-order, which protects all parties involved – the annuitant, the insurance company, and the factoring source. Note, this new law, even overrides any prior contractual arrangement or state law.

Jeff is President of Nationwide Lawsuit Funding Group. He is a Certified Public Accountant & Insurance Licensed in the State of Florida.
He holds a Degree in Finance and Insurance and a Masters Degree in Accounting from The University of Florida.
In addition, Jeff is a Certified Cash Flow Consultant.
He was previously with the International Accounting Firms of Ernest & Young and KPMG Peat Marwick,

He is a member of ,
• Member of American Institute of Certified Public Accountant’s ( ACIPA )
and
Florida Institute of Certified Public Accountant’s ( FICPA )
• Member of the National and Florida Association of Insurance and
Financial Advisors
• Member of American Cash Flow Institute

Insurance Life Settlements

Scope & Range of Services

Jeff is an experienced financial professional that can help Life Insurance policy owners ( primarily Seniors ) “ sell ” their Life Insurance Policy to an Institutional Funder for much more cash than what their own Life Insurance Company would pay. Policy owners now have a new option available to the them, which did not exist a few years ago. Instead of surrendering their Life Insurance Policy and receiving only what the Insurance Company will give them—they may be able to “sell “ the policy to an Institutional Funder for much more cash than what the Insurance Company would pay.

A “ Life Settlement “ ( sometimes called a Senior Settlement ) is the selling of a life insurance policy that is no longer needed, wanted, or affordable, for a lump-sum cash amount that is more money than what you will receive by surrendering the policy to the life insurance company. Rather than surrendering the policy to the life insurance company, the policy is sold to a third party - Life Settlement Provider, who, as the new owner, keeps the policy in-force by continuing to pay the subsequent premiums on the policy. Upon the death of the insured, the Life Settlement Provider receives the death benefit. Historically, life insurance policy sales have occurred most often with policies insuring the lives of terminally ill individuals. These types of sales are called “ Viatical Settlements“. The same principles apply to Life Settlements, which are for life insurance policies covering persons who are at least 65 years old, do not have a terminal illness, and generally, have an estimated life expectancy of 3 – 15 years.

Any type of life insurance policy maybe used for a Life Settlement, including term, whole life, universal, survivorship policies, as well as variable life insurance policies. The policy need not have any cash value to be considered for a Life Settlement. The policy can be owned individually, by a business, by a charity or by an irrevocable life insurance trust. The policy owner may sell all or part of the policy, as desired.

Generally, in order to qualify for a Life Settlement, the life insurance policy must have a face ( death ) benefit of $ 250,000 or more. It has been estimated that 1 in 5 life insurance policies that insure an individual age 65 or over, will benefit from a Life Settlement. For those policies that can benefit from a Life Settlement, it is not unusual for the owner to receive 100 – 5,000 % or more cash then what they would receive by surrendering the policy to the issuing life insurance company.

A policy owner is asked to complete an application and medical release form so that the Life Settlement Provider can gather information from the life insurance company and the insured’s doctors. All information gathered shall be kept confidential and will not be given to anyone without written approval from the insured. After reviewing the applicant’s life insurance policy and medical information, if an insurance policy qualifies, the Life Settlement Provider will make an offer for the policy. The amount of money offered will be based upon various factors, including the insured’s life expectancy, the amount paid for premiums, the rating of the insurance company and policy provisions (e.g. waiver of premium, etc.). If the offer is accepted, the owner will be asked to sign a Life Settlement contract. The process for completing most Life Settlement transactions usually takes about 90 - 180 days.

A life insurance policy is the owner’s property. Life insurance policies maybe sold for any reason. A policy may be sold when the owner has determined he no longer needs or wants the policy. This may arise in circumstances such as business-owned policies where the insured is no longer connected to the business, or can no longer afford the policy or finds that it is inappropriate for his financial needs or where the insurance proceeds are no longer are needed to pay estate taxes. Individual policy owners may consider selling their existing life insurance policy to use the proceeds to fund a new, more cost-effective life insurance policy, to buy a paid-up long term care policy, to create funds to make gifts to family or a charity or to raise cash to pay off debts or make alternative investments.

For those policy owners that qualify, they now have the ability to get more cash for their policy, than what is available from the issuing life insurance company.

Jeff is President of Nationwide Funding Group. He is a Certified Public Accountant & Insurance Licensed in the State of Florida. Jeff has written various articles on the selling of Life Insurance Policies.
He holds a Degree in Finance and Insurance and a Masters Degree in Accounting from The University of Florida.
In addition, Jeff is a Certified Cash Flow Consultant.
He was previously with the International Accounting Firms of Ernest & Young and KPMG Peat Marwick,

He is a member of ,
• Member of American Institute of Certified Public Accountant’s ( ACIPA )
and
Florida Institute of Certified Public Accountant’s ( FICPA )
• Member of the National and Florida Association of Insurance and
Financial Advisors
• Member of American Cash Flow Institute

Inheritance Funding

Scope & Range of Services

Nationwide Funding Group can get cash now for heirs who will be inheriting as least $17,000 from
a probate which is already open or is currently being opened; or a beneficiary (individual
or charity) of a trust who will be receiving at least $17,000 in distributions(s) from the trust within three years. The trust instrument must not limit the beneficiary’s right to assign an interest in future trust distributions (a so-called “spendthrift clause”).

In return for a present cash payment, the heir or beneficiary sells to (technically, “assigns to”) the funding source the right to receive a fixed amount of money out of the heir or beneficiary’s share of the estate or trust. The funding source is paid directly form the estate or trust upon distribution. Funds not needed to satisfy the assignment are distributed directly to the heir or beneficiary. Fees are charged only for funded deals, and are deducted from the advance.

The funding source must wait until the estate or trust is ready to distribute. There is no recourse to the funded heir for any delays in the distribution. This is another one of the risks the funding source assumes. Most advances are to heirs or beneficiaries here in the United States, but on occasion advances have been made in other countries. Advances normally range from $5,000 to $100,000. As a rough rule of thumb, assume the advance cannot exceed 30% of an heir’s expected distribution from an estate or trust.

Jeff is President of Nationwide Funding Group. He is a Certified Public Accountant & Insurance Licensed in the State of Florida.
He holds a Degree in Finance and Insurance and a Masters Degree in Accounting from The University of Florida.
In addition, Jeff is a Certified Cash Flow Consultant.
He was previously with the International Accounting Firms of Ernest & Young and KPMG Peat Marwick,

He is a member of ,
• Member of American Institute of Certified Public Accountant’s ( ACIPA )
and
Florida Institute of Certified Public Accountant’s ( FICPA )
• Member of the National and Florida Association of Insurance and
Financial Advisors
• Member of American Cash Flow Institute