Phillip Roy Financial Services announces College and University
Legacy Program using Life Insurance as a Funding Vehicle
SARASOTA, Fla. (Business Wire EON/PRWEB ) April 9, 2007 --
Phillip Roy Financial Services, a leading nationwide retirement
income planning firm with over 500 affiliates, has announced a new
program and subsidiary to allow colleges and universities to fund and
endow athletic and educational financial needs through the use of life
insurance.
“Oklahoma State University and Liberty
University are two great institutions which have recently employed this
strategy to help raise and endow tens and even hundreds of millions of
dollars for their great schools through the use of life insurance from
wealth retired benefactors and boosters. We have been contacted by a
major university to help them with the same program and believe that we
and our affiliates can help great colleges and universities all over
America raise money for athletic departments and even schools of
medicine, science and business,” says Phillip
Wasserman, president of Phillip Roy Financial Services. “Because
Phillip Roy Financial
Services has over 500 top life insurance and financial planning
experts working with it nationwide we feel we can service any college or
university immediately to help implement a program to raise many
millions of dollars and no cost to the schools.”
Phillip Roy Financial Services has arranged for top life
insurance companies to participate. Universities and colleges are
looking at funds raised from this type of program to
-
Build new athletic facilities
-
Fund athletic scholarships and more
-
Settle debt
-
Endow academic chairs
-
Fund academic research
-
Build new facilities
Because the demand for this type of fund raising is so great, Phillip
Roy Financial Services is finishing negotiations with one of the
largest sports marketing firms in the country to assist in presenting
the program to athletic departments of interested schools.
“Churches have long used life insurance to
fund legacies, and we are proud to assist in helping further the cause
of education in a new way,” according to Phillip
Wasserman.
Phillip Wasserman is recognized as one of the top authorities on
life insurance and annuities, and has been published extensively on both
topics. He is a sought after speaker and speaks to thousands of
professionals and layman alike on both subjects annually.
See the original story at: http://eon.businesswire.com/releases/phillip/financial/prweb517443.htm
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