Inscor, Inc. Adds Public Relations Professional to Its Sports Division
LAS VEGAS, NV--(Marketwired - Nov 19, 2013) - Inscor, Inc. (PINKSHEETS: IOGA) CEO, Kenny Andam, has added another professional to the company's newly formed sports division. The CEO announced today that Phil Sloan has joined sports division President, John Salley, to market and generate sales of the company's Financed Insurance Trust (FIT) plan.
Phil Sloan, a graduate of Harvard University, has spent the past 7 years in the public relations industry with top firms in both New York and Boston. Sloan learned the industry, creative marketing, sales and created client relationships from the world of professional sports while working with Hill & Knowlton, one of the oldest and most prestigious New York-based public relations firms, and at the firms Mullen and Arnold Worldwide, Boston's largest advertising and public relations agencies.
The chairman of the company, Keith McAllister, stated that he was excited about the growth and progress of Inscor. His confidence in bringing on board the CEO of the company is bearing fruit and attracting the right leadership that the company needs to manage the growth that it is expecting to achieve. Both Andam and McAllister are looking forward to Phil Sloan joining the Inscor team with his vast experience in the field of sports and entertainment.
The goal of the sports division is to present the company's FIT plan to professional athletes and high net worth individuals. Sloan's experience includes working in professional sports management circles and the media development sector for globally recognized athletes. He will work directly with 4-time NBA champion John Salley to build the brand through the development and implementation of a savvy, cost efficient marketing plan, while at the same time both men will tap into existing relationships with professional athletes.
Andam says that since naming John Salley as President of the division, Inscor has been diligently searching to find a major professional public relations and media marketing expert with a sports background to join its executive team. "John Salley's successes in sports and in the business world required Inscor to bring him the right talent to support his efforts in the building of a formidable team to develop the FIT market for professional athletes and high net worth individuals."
Inscor has designed a FIT plan to act as a 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.
Under Inscor's plan the policy holder's assets remain in place and are not used to pay insurance premiums. High net worth individuals and companies have used premium financing for purchasing life insurance for about 20 years, and the strategy has developed over the years to become the preferred vehicle for large purchases of life insurance among qualifying affluent individuals and companies.
In many cases, depending on age and insurability, FIT plans can be designed with little or no out-of-pocket expense. The plans provide assurances that an individual's wealth has been protected without the need to liquidate assets to pay insurance premiums. Financing costs are minimized through secured lending sources backed primarily by policy cash values.
About INSCOR, Inc.
INSCOR, Inc. specializes in the creation and implementation of flexible and effective insurance solutions for organizations serving as many as tens of millions of members across the globe. In the U.S., the Company markets its FIT OPEB plan to municipalities and corporations as a low-cost solution to funding retiree and other employee benefits. A Financed Insurance Trust plan variation also works for affluent individuals, entertainers and professional athletes -- whether for estate planning or funding cash flow needs. INSCOR's 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. For more information: www.ins-cor.com.