NET LIFE Financial 2014 / 2015 Proposed Mortgage, Finance and Insurance Product Line

NET LIFE Financial will be offering mortgage and insurance products that will soon change the path of America.
By: NET LIFE Financial, USA

Life Collateralized Mortgage Obligation (LCMO)

DESCRIPTION:  A NET LIFE LCMO® is a thirty (30) year fixed, low cost (average 4.5% APR) amortized mortgage which is available to all applicants over the legal age of eighteen (18).

MECHANICS:  A NET LIFE LCMO® has only two (2) *requirements for which to qualify:

1.     The Real Estate for purchase or refinance must be substantiated, and

2.     The Applicant must qualify for a Life Insurance Policy (AMBest B+ or better)

* NOTE:  Credit, Credit History, Legal History, etc. are not considered in the application process.

TERMS:  All NET LIFE LCMO® mortgages are held under Deed of Trust.  The LCMO® mortgage is secured by the real estate and the life insurance policy.

(NOTE: Life Collateralized Debt Obligations (LCDO)® functions similarly to an LCMO®.)

ALL-in-ALL Insurance Coverage®

DESCRIPTION:  NET LIFE ALL-in-ALL Insurance Coverage®is complete insurance coverage all in one product.  The MAX payout is determined by the value of the life insurance policy (which could be from one claim or numerous claims over time).  Types of coverage include:  Auto, Motorcycle / Golf Cart, RV, Watercraft, Commercial Auto, Life, Health, Disability, Dental, Identity Theft, Pre-Paid Legal, Restaurant, Garage, Business Owners Program, Workers Comp, Home Owner, Mobile Home, Renters, Travelers, Condo, Flood, Wind, Hurricane, …and more.

MECHANICS:  The NET LIFE ALL-in-ALL Insurance Coverage®requires a one-time annual fee (which can be paid monthly) and “pay-as-you-use” policy premium as coverage is needed.  There are three (3) levels of coverage, or, a customized plan can be offered on a per-request basis.  Customers can utilize an app, computer or phone call and activate/deactivate certain policies at any given time.  The Customer only pays for coverage when used / needed.

Much like the NET LIFE LCMO® Mortgage, NET LIFE ALL-in-ALL Insurance Coverage®uses a life insurance policy and its face value to cover all your insurance needs.  Therefore, a $100,000 face value Life Insurance Policy guarantees a MAX payout of $100,000 in any form of collective insurance claims.  Furthermore, there are no limits to the number of claims and the rates never increase.


1.)   Should a customer have a car, but will not be driving it for one (1) month; the car insurance can be deactivated and no payments need to be made.

2.)   Should a customer feel a cold coming-on, they can activate their health policy and pay the one month premium on their smart-phone, then, go to the doctor, get treated (including medication, surgery, therapy, etc.) and then deactivate when the treating physician provides a “Good Health Report”.

NOTE:  The two above examples apply for all types of coverage to the MAX face value of the guaranteeing life policy:

·       NET LIFE ALL-in-ALL Insurance Coverage® should not be confused with “All-In-One” insurance policies where an insurance company writes and bundles numerous policies under one bill / invoice.  All that is truly saved in “All-In-One” policies is the cost of a few postage stamps.

Auto Lease Program®

DESCRIPTION:  The NET LIFE Auto Lease Program®will provide two very new and essential elements to the auto industry:

For the Consumer:  a no-hassle and direct opportunity to lease a new car every three (3) years making new vehicles available to all consumers regardless of their credit or credit history.

For the Auto Manufacturer:  an opportunity to better gauge their production and sales, thereby, lending more time and attention to vehicle cost, quality, safety and service.

MECHANICS:  The NET LIFE Auto Lease Program® works very much like the non-recourse NET LIFE LCMO® and LCDO® products, however, rather than leveraging real estate or other non-depreciating assets, the auto lease program creates an inverted LCDO® (Life Collateralized Debt Obligation) which takes into consideration the depreciating asset; an automobile.  By inverting the depreciation of the vehicle over time (3 years), NET LIFE is able to creatively utilize the vehicle depreciation to maximize the LCDO® return, hence, providing consumers with a roll-over non-recourse auto lease for three (3) years at a time.

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Tags:NET LIFE, NET LIFE Financial, Lease, Mortgage, No Recourse
Industry:Business, Financial
Location:Washington - District of Columbia - United States
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Page Updated Last on: Oct 02, 2014
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