NATSD and PolicyFlex Announce Agreement National Advisors Trust of South Dakota to act as administrative trustee for PolicyFlex's Term Extension program.
OVERLAND PARK, Kan., April 14, 2014 /PRNewswire/ -- National Advisors Trust of South Dakota (NATSD), a leading professional trust company providing comprehensive trust and trustee services to independent investment advisors, and PolicyFlex LLC, a firm dedicated to providing innovative insurance solutions, announced an agreement whereby NATSD is acting as administrative trustee for PolicyFlex's Term Extension program. The Term Extension program (patent pending) enables individuals over the age of 60, who have term life insurance, to extend their coverage affordably instead of letting the policies lapse at the end of the term.
"We are delighted to work together with PolicyFlex to expand the scope of creative financial solutions for older Americans and support the program with trustee services from NATSD," said John Abbuhl, Senior Sales Executive of NATSD. "The Term Extension program is valuable in helping retirees maximize their estate and legacy. As such, it's highly relevant to our advisors' clients at a time when retirement planning is so challenging."
PolicyFlex's Term Extension program costs significantly less than other available options, and the existing carrier remains the same. Available for people age 60 and older for policies with a face amount of $500,000 to $3,000,000, the program provides for fixed level payments, no health exam for approval, no financial requirements and no upfront fees.
According to Martin Levion, Managing Partner of PolicyFlex, "This is an ideal fit for our program given NATSD's excellent reputation, national presence, and strong management team. The firm's advanced operational platform and high level of automation enable us to offer Term Extension efficiently and cost-effectively to retiring baby boomers."
"PolicyFlex is an important new client relationship for NATSD as we continue to progress in achieving our strategic objectives for the first year of operation," commented Jim Combs, CEO of National Advisors Holdings, Inc. "We are pleased to provide PolicyFlex access to our network of over 150 independent RIAs and their clients who can benefit from the Term Extension program."
About National Advisors Trust of South Dakota
National Advisors Trust of South Dakota (NATSD) is a professional trust company that works with independent investment advisors to provide flexible, individualized, service-oriented, cost-effective trust administration. NATSD offers tax favored trust situs, access to modern trust statutes, customized trust administration, advanced technology, quality service, creative strategies, and competitive fees. NATSD's services include trust administration of both trusts established pursuant to South Dakota law, and trusts of other states moved to South Dakota. NATSD provides directed trust administration services for standard and non-standard assets. NATSD's sister company, National Advisors Trust Company (NATC), FSB, is the nation's largest independent RIA-owned trust company and is authorized to do business in all 50 states. For more information on NATSD, visit www.natrustsd.com. For more information on NATC, visit www.nationaladvisorstrust.com.
About National Advisors Holdings
National Advisors Holdings, Inc. is the holding company for National Advisors Trust of South Dakota, and National Advisors Trust Company, FSB.
About PolicyFlex LLC
PolicyFlex provides unique and affordable insurance solutions to complex problems and asset allocation decisions facing Americans who are approaching retirement. The firm's principals include Martin Levion, Georges Holzberger and Mark Urbanak, who provide over 85 years of combined financial services experience, with expertise in risk and portfolio management, structuring, systems, quantitative analysis, fund raising, investor relations and financial management. For more information, visit www.policyflex.com
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SOURCE National Advisors Trust of South Dakota