Bennington Enterprises will offer the first debit card tied directly to the cash value in an individuals cash value life insurance policy.
Stage
Concept Only
Industry
Financial Services
Location
Pittsburgh, PA, USA
Currency
USD
Employees
1
Company Summary
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.