What types of pensions do you purchase?
Our tailored financing programs are designed
for Civil Service, Corporate and Military
Pensioners. Unfortunately, Social Security
and VA compensation are excluded.
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Is
there a minimum pension amount?
Yes, the minimum is $400 per month or $4,800
per year in net payments.
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How much does this cash advance cost me?
Ask yourself: What’s the value of something
now compared to later? Unless it’s family
heirloom, the value will be less. But we can
advance you cash against your future pension
payments. The cost to you for this pension
buyout can be as little as 13 percent, which
is less than most of today’s credit card
interest rates. What’s more, we do not
profit from―or even breakeven―on this
long-term investment for nearly five years.
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Takes two
minutes to complete, then we launch your
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Why not go to a bank or get a credit card
advance?
First, banks or credit card issuers do not
recognize future pension payments as
collateral. During times of credit crunch,
this fact is crucial. To our knowledge,
there is no other source of funds that allow
you to use your pension except that created
by USPF.
What’s more, credit card issuers will charge
you 18 to 24 percent or more per year in
compound interest, if you do not pay off
your balance in 30 days. USPF offers an
essential service to counter these
restrictive funding practices.
In fact, many of our clients use our funding
service to pay off high credit card debt.
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Takes two
minutes to complete, then we launch your
qualification process.
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Can you explain exactly how this works?
We purchase
from you a future cash flow on your pension
payment stream, and pay you an upfront lump
sum of cash on that stream. During the
“flow” period, typically 96 months or eight
years, you carry a current life insurance
policy, with USPF as the named collateral
assignee.
If you do not have a current policy, we can
refer you to providers with low-cost
insurance coverage options. When all is in
place, we make an electronic funds transfer
to you which you can use to support the life
opportunity you are pursuing.
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Takes two
minutes to complete, then we launch your
qualification process.
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Why borrow against my pension when it already
falls short of what I need?
In fact, almost three out of five new
middle-class retirees will outlive their
financial assets if they keep up their
pre-retirement ways of living, according to
an Ernst & Young LLP study on behalf of
Americans for Secure Retirement. If you are
managing your expenses, but still face an
emergency or situation that demands a fast
cash solution, USPF is the logical
alternative to a missed opportunity or
failure to act.
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Takes two
minutes to complete, then we launch your
qualification process.
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What kind of credit profile do I need to
qualify?
Experience has taught us that prospects with
a good credit history qualify. Even with a
Chapter 13 or Chapter 7 bankruptcy, you can
qualify if the bankruptcies were discharged
two years ago or more. Importantly, we want
to create a long-term and satisfying
relationship built on trust and sound
financials.
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Takes two
minutes to complete, then we launch your
qualification process.
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What
else do I need to qualify?
You do not need to be a homeowner. In fact,
stable renters are often strong qualifiers.
You do need to demonstrate a solid credit
history. You must be retired. There are no
age restrictions. And, you must obtain an
active life insurance policy with premiums
paid by you.
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Takes two
minutes to complete, then we launch your
qualification process.
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Why
do I need an insurance policy?
In a word. Protection. Lenders require
homeowner policies on mortgages. As a
funding source we, too, need to protect our
investment in you. Actually, it benefits
both seller and buyer of the pension
payments by clarifying responsibilities and
securing the transaction. Understandably, if
the pensioner passes away, pension payments
cease.
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Takes two
minutes to complete, then we launch your
qualification process.
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How long after I apply can I receive funds?
If you hold a current life insurance policy
at that time of application, the entire
process—from application to receipt of cash
advance—can complete in as little as
three
weeks. If a new policy is required, the
process may extend to six weeks or more.
However, we will do everything possible to
help expedite the transaction.
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Request Free Estimate
Takes two
minutes to complete, then we launch your
qualification process.
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Can I
repay the advance early?
As the funding source, we commit the value
of our time and finances to you. USPF has
carefully worked through the right formulas
for a win-win transaction. In general, early
repayment is not an option, although
exceptions may be considered.
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Takes two
minutes to complete, then we launch your
qualification process.
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How does cash advance affect my credit report?
Be assured that this cash advance, which
does create a portion of debt, is not
reported to any credit bureaus. It remains
separate and apart from your credit rating.
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Takes two
minutes to complete, then we launch your
qualification process.
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What happens to COLA annual increases?
Cost of Living Adjustment payments are
returned to you electronically each month.
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Takes two
minutes to complete, then we launch your
qualification process.
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What are the tax consequences of this advance?
This transaction does not have tax
consequences. When you sell $1,000 a month
in pension payments for 96 months to receive
lump-sum cash, your tax situation does not
change. It is always advisable to consult
your tax specialist on financial matters.
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Takes two
minutes to complete, then we launch your
qualification process.
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You are about to make an important
decision—exchange a portion of your pension
payments for lump-sum cash to do something
that’s even more important to you. Pay off
credit card debt. Buy a new business. Settle
that divorce judgment. Whatever the life
situation, we understand its significance.