More About MEPS

MEPS is for clients who meet specific qualifications, ensuring that only those who can afford the program participate. It requires the expertise of legal counsel, accounting professionals, and Family Office wealth managers to oversee the process and provide the highest level of professionalism and due diligence. 

To qualify for MEPS, potential participants must pass a life insurance medical examination, have a minimum net worth of $25,000,000 plus, receive an annual income greater than $500,000, and be younger than 70 when applying for life insurance policies. A minimal portion of their assets is posted as collateral to secure their life insurance coverage. At the same time, premium payments are funded from the bond proceeds rather than the client paying premiums directly from their own pocket.

It's essential to distinguish MEPS from premium-financed life insurance. While premium financing involves borrowing funds from a bank to pay life insurance premiums, MEPS uses acceptable assets as collateral to generate life insurance coverage, thereby avoiding bank loans, making the program distinct.

MEPS is a unique approach that requires potential clients and their legal counsel to meet with a Monolith Certified Advisor and Attorney to discuss the specific elements of the program before activating the engagement. With all the legal and financial strategies involved, these meetings allow for a more comprehensive presentation of analyses and projections of future outcomes within the Strategy, while identifying any risks associated with them and developing mitigation techniques to address them.

It's worth noting that, at this point, the only direct cost of participation is that clients must provide sufficient collateral to the participating bank to issue letters of credit, but no general costs are incurred otherwise.