Our Program is the oldest and largest retired military pension loan (advance)funding
source specifically for U.S. Retired Military
pensioners.
The only fully funded retired military pension loan advance program
which
exchanges future pension payments for immediate cash now!
Our program provides funding for retiired military
pension
payments and voluntary separation incentives(VSI).
All retired
U.S. Military personnel are eligible.
We CANNOT purchase VA pensions
where 100% of
the money the pensioner is receiving is from the
VA.
This program is NOT A LOAN. We
will buy the next
eight years of your pension for a lump sum of
cash
To Be
Considered:
1) You must be fully employed or have
other sources of income,
2) You must have
"fair credit" a credit score of
600 or better. (if you had a
bankruptcy, we like
to see 2 years pass from the time that the
bankruptcy was discharged).
3) In all instances
you must be retired from the Military.
We generally require six months of
retirement from
the Military, however, we occasionally will
consider
pensioners with less time out of service, as long
as
there is stability in employment
4) You must be receiving a minimum of $400/month net
or if it is a VSI , the minimum is $5000/year net.
5) You will need a copy of your most recent
Retiree
Account Statement or VA Award Letter, or VSI Earnings
Statement. If you don't have your statement,
please call the
DFAS at 1-800-321-1080
or the VA at 1-800-827-1000 to have a copy mailed
to you.
Contact us now for your FREE
no-nonsense appraisal of your pension payments
For an immediate quote. Please
complete our
Retired Military
Pension Loan Advance Quote Form
Call Fred Coutts at
206-281-3153
or
1-888-942-6639
Fax #
206-378-1070
Web:
Retired Military Loan Website
Below are
some of the most
"FREQUENTLY ASKED QUESTIONS"
about our Pension
Retirement Program.
How long does the process
take?
Two weeks could pass to close some transactions.
Because other transactions include the purchase of new life
insurance,
the time for funding could extend to three to four weeks.
Do I need perfect credit to
qualify?
No. Perfect credit is not required, good credit
is.
Do I need to own a home to
qualify?
No. Home ownership is not required. In fact, stable
renters
are often strong qualifiers.
Why Isn’t the amount of money
paid to me
[the pensioner] equal to eight years
worth of retirement
payments for an eight year contract?
Would you rather
have 95 cents now or a dollar in one year? 70 cents
now or one dollar in
three years? 40 cents now or a dollar in eight years?
The determining factor
is the length of time. We are
purchasing future dollars that are not the
same
value as current dollars. This evaluation is called "present
value."
The time value, or present
value, of future dollars is less
than their face value. The computer system
considers all of
the payments to be received during the eight year contract
and then calculates the amount of the lump sum estimated
payment.
What happens to the COLA (Cost
of Living Adjustment) annual increases?
The COLA annual
increases are used to pay down the life insurance premiums.
This is very
useful since it negates any additional out of
pocket expenses for the
pensioner. If insurance payments
are not required, on the first of each
month, all COLA payments
are returned to the pensioner electronically, just
as
his current pension payments are.
Can a relative or other person
act as sponsor or guarantor?
In some cases, we have accepted a
guarantor when the applicant did not meet the qualifications of the program.
Strong credit and stable financial
history are mandatory for a pensioner as
well as a guarantor.
Are there ways to repay the
loan early?
This program is not a loan. The program is a contract
for which
time is committed by the funding sources. Therefore, the
contract
exchanges a lump sum of cash for a commitment
to pay future
retirement payments when they are received, for a specific period of
time.
Can I use existing life
insurance to meet the insurance requirement, or must new insurance be
purchased?
Any good insurance policy is acceptable even if it has
been
in place prior to the closing of this transaction.
Are there any age
limitations?
None at all. Only the cost of the required life
insurance,
which is part of the pensioner's costs, impacts the economics of
the transaction;
if insurance is already in place and the economics of
the
transaction still appeal to the pensioner, any age will be
accepted.
These are the most common phrase searched for by
retired military. Retired military loan,military loan company, and military
pension loan. Other phrases military veteran will key are loan military
retirees,loan military retirement, veteran loan. Less frequently are phrases
such as veteran pension loan, and military veteran loan. Finally words such as
pension loan,retirement loan and loan on retirement plan.
A most
common phrase is military retirement pay.