Bennington Enterprises will offer the first debit card tied directly to the cash value in an individuals cash value life insurance policy.
Bennington Enterprises (B.E.) is a sole proprietorship. Initial customers will be life insurance companies in the U.S., which in 2010 held over $3 trillion of assets. Strategic partners are credit card processing companies. B.E. will license its patented technology and trademarks to individual life companies and derive income from 3 sources: per transaction fee, licensing fee and new life commissions.