Mr. Bernstein has pioneered the
development of proprietary life insurance products and has formed two companies to
facilitate the sales of these products. Mr. Bernstein, in 1972, founded S.B. Lexington,
Inc. to facilitate the sales and marketing of his unique and copyrighted VEBA 501 (C) (9)
trust. In 1983, Mr. Bernstein invented the
Copyrighted Arbitrage Life Payment System, which is a unique leveraged single premium life
insurance product for high net worth individuals. From
the ground floor up, Mr. Bernstein developed for both companies a national sales and
marketing network, which now account for over $800 million in life premium sales. In order to bring these products to market, Mr. Bernstein needed to establish relationships at the client level, as well as the life carrier level. Due to the nature of the Arbitrage program, and the need to secure premium financing, Mr. Bernstein has also developed strong relationship with domestic and international lending institutions. These products have led to relationships with such prominent corporations as; Lincoln Benefit Life/Allstate, First Transamerica Life, Allianz, ABN-AMRO, Bank of America, Chase, & Norwest. Mr. Bernstein's career in the life
insurance industry began in 1965 when he became the top producer for Aetna Life and
Casualty Company. He has remained in the top
5% of life insurance sales agencies since that time.
Mr. Bernstein is currently a qualifying and life member of the Million
Dollar Round Table. He has appeared before
the House Ways and Means Committee and has been a guest speaker at the New York University
Institution on Federal Taxation. |
