Introducing International Competition

Based in Miami, Florida, Warren Wamberg is an experienced finance and insurance professional who has served as CEO at Wamberg Genomic Advisors since 2017. He has also worked as president of the Insurance and Corporate Business of Human Longevity, Inc. and as chairman of Uniphy Health. When he isn't working, Warren Wamberg enjoys playing and watching golf.

Despite the absence of major draws like Tiger Woods and Phil Mickelson, the 2021 Ryder Cup experienced a significant final day increase in TV viewership from the prior event in 2018. This is good news for the PGA Champions Tour, which intends on hosting a similar international competition titled the World Champions Cup in 2022.

In partnership with sports marketing firm Intersport, the PGA Champions Tour will host the annual event that will feature the following three teams: Team USA, Team Europe, and Team World. The Ryder Cup, in contrast, only features the United States and Europe. Jim Furyk (USA), Darren Clarke (Europe), and Ernie Els (World) will captain the teams for the inaugural event.

The match play competition will take place over the course of three days at a course in the United States. Teams will compete against each other in both teams and singles formats with two nine-hole matches per day. Points will be awarded for each hole won, and the team with the most points will be the first-ever World Champions Cup winner.

How Does Bank-Owned Life Insurance Work?

Warren Wamberg is an established Southern California financial services executive who has authored several books. Among the topics of Warren Wamberg’s published works is bank-owned life insurance (BOLI), a tax efficient form of insurance that financial institutions employ in offsetting the costs associated with employee benefits.

BOLI is typically purchased as a single premium, but may also be acquired gradually through annual premiums. With a BOLI policy, the bank acts as the beneficiary. Tax-deferred BOLI cash surrender values increase over time, while allowing the bank to claim a bookable income on the policy each month. At the time of the executive’s passing, the bank receives death benefits, with no taxes assessed.

As a tax-favored asset, BOLI generally delivers after-tax returns that significantly exceed other types of long-term investment, including mortgage backed securities, municipal funds, and 10-year treasury notes. While the bank acts as sole beneficiary and owner of the insurance, in many cases a share of the proceeds is distributed among participants.

US Patent 7689445, System and Method

A skilled business administrator in Miami, Florida, Warren Wamberg has found success in areas that range from genomics to automobile racing. He holds United States patents for four different finance-based inventions including a system and method for insuring against tax liabilities. Warren Wamberg filed for this patent in 2004 along with Kurt Laning, Mark Hopfinger, and Jaime Correa.

Registered through the United States Patent and Trademark Office under patent number 7689445 and officially issued in 2010, this proprietary system and method take the form of a product that can manage the risk of potential changes in insurance policy taxation by offering reimbursements to the purchaser.

Built into this product is a method of calculating specific benefit amounts and policy prices according to potential upcoming tax law alterations. It also incorporates a computer system that uses policy data, owner data, and insured data to calculate benefits. This system provides a full description of product benefits along with policy prices.

Finseca Partners with Money Master Kids

A business leader in the healthcare and financial industries, Warren Wamberg has served as a board member for financial organizations including Stratford Advisory Services and The American College of Financial Services. Warren Wamberg maintains membership with the Association for Advanced Life Underwriting (AALU).

AALU recently merged with GAMA International 2020 to become Finseca, a provider of advocacy and training for professionals in the financial security industry. In April 2021, Finseca announced a strategic partnership with Money Master Kids that will focus on financial literacy for children. Building on Finseca’s belief that financial security is essential to quality of life, the partnership will teach children and their families strategies for achieving long-term financial well-being.

Money Master Kids develops effective curriculum and educational platforms focused on teaching the building blocks of financial literacy to children, parents, and educators. Over time, children will leverage this knowledge to become empowered leaders within their communities. Long-term objectives for the partnership include a global rollout that will reach a billion children worldwide.