More About MEPS

MEPS is for clients who meet specific qualifications, ensuring that only those who can afford the program participate. It requires legal counsel, accounting professionals, and Family Office wealth managers to oversee the process and provide the highest level of professionalism and due diligence. 

To qualify for MEPS, potential participants must pass a life insurance medical examination, have a minimum net worth over $20,000,000, receive an annual income greater than $500,000, and be younger than 70 when applying for life insurance policies. A minimal portion of their assets is posted as collateral to secure their life insurance coverage, avoid making premium payments, and generate significant coverage.

It's essential to distinguish MEPS from premium-financed life insurance. While premium financing involves borrowing funds from a bank to pay life insurance premiums, MEPS uses acceptable assets as collateral to generate life insurance coverage and avoid paying upfront premiums, making the programs very different.

MEPS is a unique approach that encourages potential clients and their legal counsel to meet with Monolith management in person to discuss the specific elements of the program before activating the engagement. With all the legal and financial strategies involved, these meetings allow for a more comprehensive presentation of analyses and projections of future outcomes within the Strategy.

It's worth noting that, at this point, the only direct cost of participation is that clients must provide sufficient collateral to the participating bank to issue letters of credit, but no general costs are incurred otherwise.