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Samuel B. Watson is the Chairman, President, and Chief Executive Officer of Cool Springs Life, LLC and Cool Springs Financial Group, LLC. Based in Franklin, Tennessee, the company is engaged in providing life insurance to wealthy Americans and foreign nationals through a proprietary premium finance platform known as “The Cool Springs Life Equity Strategy.”

He is a 29-year veteran in the life insurance industry and is the architect/co-architect of five premium finance platforms that have financed in excess of $6 billion of life insurance face amounts for affluent clients all over the world.

Sam’s latest design, The Cool Springs Life Equity Strategy, combines the best of banking, life insurance, and sophisticated financial instruments to provide clients the most cost-effective methodology for acquiring life insurance.

Sam moved into the structured life insurance premium finance space in the year 2000 when he designed and launched his first platform for his firm. It provided Americans with the first life insurance 30-year premium finance loan offered through nBank, N.A. In 2004-2007, his firm served as a Managing Aggregator for the Credit Suisse Life Finance Unit where Sam co-designed three lending platforms.

Consistent with all of Sam’s premium finance designs, The Cool Springs Life Equity Strategy utilizes financially sound counterparties that include some of the world’s largest national and international banks and most respected life insurance carriers.

Samuel B. Watson

Chairman, President & CEO

David R. Carpenter is the Chairman of Paradigm Partners International and is a member of Cool Springs Financial Group, LLC.

Carpenter retired in 1995 as Chairman and CEO of Transamerica life insurance companies as well as the senior executive in charge of Transamerica’s real estate, asset management, and mutual fund companies.

During his tenure as President, then Chairman and CEO, he took Transamerica through a significant transformation, during which the company experienced strong growth. Under his leadership, the company divested its Australian and British operations as well as the US Group health insurance business in highly successful transactions. His experience and knowledge of the life reinsurance business helped Transamerica rise from obscurity to the market leader. He also led the company into the long-term care and the structured settlement businesses. In the last five-year period of this tenure, earnings more than doubled, and Transamerica achieved a compound annual growth rate for each of the five major lines of business approximating 20%.

Mr. Carpenter was recognized by the American College of Life Insurance as one of the legends in the life insurance industry. After his retirement from Transamerica, Dave served as Chairman, then CEO of UniHeath, a diverse health care organization owning hospitals, HMOs, and practice management groups. Under his leadership, an extensive strategic planning effort was undertaken that led to divestiture of operating businesses and the conversion of UniHealth into a foundation, which he continues to chair.

Fellow, Society of Actuaries; B.A., Business; M.S., Mathematics; University of Michigan, Ann Arbor.

David R. Carpenter

Co-Founder

William Randolph is a senior partner in the law firm of Gordon, Herlands, Randolph & Cox, LLP. Mr. Randolph has over 30 years of experience, handling complex legal matters for publicly and privately held companies as well as for high-net-worth individuals. His extensive experience includes 18 years as outside tax counsel to the Mobil Corporation, as well as a wide range of work on a variety of projects for many other Fortune 100 companies. Mr. Randolph’s current areas of concentration include taxation, intellectual property, entertainment, and other business law matters for high-net-worth individuals and their privately held companies.

Mr. Randolph’s outside activities have included: the Advisory Committee, New York University Conference on State and Local Taxation (Member and Lecturer); the Executive Committee, Section of Taxation of the New York State Bar Association (Co-Chair, Subcommittee on New York City Tax Matters); and Commissioner’s Advisory Board, New York City Department of Finance (Member).

Mr. Randolph holds a B.S. in Business (Marketing) from Indiana University, as well as a JD (magna cum laude) from New England School of Law, and LLM (taxation) from the New York University School of Law.

William B. Randolph

Co-Founder

Simon Baitler specializes in the changing paradigms of relationships within the life insurance industry and with other financial services industries, such as banking and investment management. He is Managing Director of Paradigm Partners International, LLC (PPI) and Vice Chair of Cool Springs Financial Group, LLC.

A veteran of more than 45 years in the insurance industry, 18 of them with Transamerica Life Companies (TLC), Mr. Baitler retired from TLC as Executive Vice President and a member of the Board of Directors. His work in the life insurance industry often benefited from his training as an actuary, as he was a Fellow of the Society of Actuaries.

While at TLC, Mr. Baitler led or oversaw the creation of many of the businesses in the enterprise, and was responsible for the Mergers and Acquisition function at a time when some successful transactions were completed.

In 1989, he began an entrepreneurial career that has included strategic advising to senior management of life insurance companies and, more recently, strategic advising to distribution organizations.

Mr. Baitler serves on the Board of Directors of several companies and advises entities within the private equity industry.

Born in New York, Mr. Baitler lives in Santa Monica, California with his wife, Carla, and daughter, Lily.

Simon C. Baitler

Co-Founder

Gene Simmons embodies the American Dream. Born in Israel, an only child to his mother, a Holocaust survivor, he went on to climb the heights of fame and international recognition.

Simmons co-founded the legendary KISS over 35 years ago. The band has sold over 100 million CDs and DVDs worldwide, and continues to sell out stadiums and arenas around the world, breaking box-office records set by Elvis and the Beatles, and boasting over 3,000 licensed/merchandise items.

In addition to performing, Mr. Simmons has his own record company, Simmons/Universal Music, a joint venture between Universal Music and Magna's Belinda Stronach. He also discovered, signed, and produced the demo for Van Halen, and has managed the music career of Liza Minnelli, among others.

Outside of his music business endeavors, Mr. Simmons expanded his artistic explorations in the areas of TV and film. He has his own reality show on A&E, Gene Simmons Family Jewels, now it its fifth season. He has also completed two seasons of his other show, Gene Simmons' Rock School, for VH-1. In addition, he created the show Mr. Romance for Oxygen, as well as his own cartoon, My Dad the Rock Star, for Nickelodeon's NickToons.

As an actor, Simmons has co-starred in several motion pictures, among them Runaway (TriStar), Wanted: Dead or Alive (New World), and Extract (Miramax). He also served as co-producer on New Line Films' Detroit Rock City.

Other entrepreneurial accomplishments include his own book imprint, Simmons/Phoenix Books, and when he has a spare moment, he tours around the country on the lecture circuit.

Simmons has been happily unmarried to Shannon Tweed for 26 years. They have two children, Sophie and Nick.

Gene Simmons

Co-Founder

An instinctive marketer, Richard G. Abramson grew up in Syracuse, NY and graduated from Syracuse University with a B.A. in Radio/Television and Film, and a Master’s in Communications.

Mr. Abramson has established a varied career in marketing and motion picture and television production. He founded Aspen Promotions Inc., which became the most successful venture of its kind, directing marketing campaigns of many films for both Universal Studios and Warner Bros.

Soon after, in 1984, Mr. Abramson embarked upon sole management of the character “Pee-wee Herman.”. Mr. Abramson secured a deal with Warner Bros. to finance the feature film Pee-wee’s Big Adventure. He co-created and produced Pee-wee’s Playhouse, which became America’s top-rated children’s show and was nominated for over 50 Emmy® Awards, winning 22. In 1983, the gross value of Pee-wee Herman’s business was about $35,000. By 1989, the total soared to close to one billion dollars.

Later, Mr. Abramson developed a new method to underwrite the costs of producing and distributing motion pictures utilizing efficacy insurance policies, and put together a $350 million prints and advertising facility.

Almost ten years ago, Mr. Abramson forged a partnership with Gene Simmons and the pair formed several businesses, including Simmons Abramson Marketing, which has represented several high-profile clients, including the Indy Racing League and the Indianapolis 500.

Richard Abramson

Co-Founder

In the News

Our Mission

Nothing in life is more precious than the comfort of knowing that your next generation is well taken care of. The Cool Springs Life Equity Strategy is an exclusive life insurance premium financing strategy that protects everything that you’ve worked so hard for.

Our mission is to provide you with state-of-the-art product and finance engineering to protect your family, your business and your estate. We utilize a combination of bank loans and insurance products to provide you a personalized strategy that is designed to offer you security and peace of mind.  

For you. For your family.

You’ve worked hard your entire life to build a substantial estate.
You should benefit from your lifetime of hard work. Yes. You.
Your Family and Loved Ones. Not the government.

You’ve invested your heart and soul
into creating a substantial estate.

You’ve done it for your family.
You’ve done it for your future.

You’ve done it for your loved ones.

Cool Springs Life Equity Strategy gives you the means to protect your estate and is designed without you writing a premium check, and provides Premium Financing at the lowest rates currently available anywhere.

With the Cool Springs Life Equity Strategy:

  • You protect yourself from damaging estate taxes.
  • You ensure that the people you care most about are the ones who benefit from the fruits of your labor.
  • You are provided a design by which you never have to write a check to pay a life insurance premium again.

Benefits of Working with Us

  • Co-Founders have 150+ Years of Banking and Insurance Experience
  • Protection Against Loss of Personal Income
  • Protection Against Loss of Key Person in your Business
  • Protection Against Loss of Business Partner
  • Protection Against Loss of Estate Taxes
  • Major Banking and Life Company Counter-Parties
  • High IRR (Internal Rate of Return)
  • Charitable Legacy Strategy
  • Continual Turn Key Service
  • All Strategies are designed to be financed without writing a premium check.
  • Authored or Co-Authored platforms that has financed in excess of $7Billion of Insurance
  • Our last client is as important as our next client.

Why Cool Springs Life Equity is far superior to any traditional premium finance product available on the marketplace

The Cool Springs Life Equity Strategy enables you to finance an amount sufficient to fund all your life insurance premiums and all interest payments and other costs associated with this transaction at extremely low interest rates not generally available to individuals. This low-cost financing means you can achieve the security you desire without the need to liquidate any of your assets.

The Cool Springs Life Equity Strategy delivers superior value in premium financing by partnering with the finest banking, insurance, and financial institutions in the world. Our extensive knowledge and expertise in this field has enabled us to provide you products and strategies that will enhance your ability to protect those you love with minimal exposure, a superior death benefit IRR and high cash values.

Consequently, the policy is designed for the accumulated cash value to be sufficient over time to repay the loan, and continue to fund the policy for the rest of your life. Our substantially lower borrowing costs allows this crossover event and release of your collateral to occur years earlier than traditional financing plans currently offered.

Carriers

Cool Springs Life Equity Strategy will provide you with the exact insurance policy that fits your needs and circumstances. We work with some of the largest and most highly-rated life insurance companies in the United States to create policies that provide maximum benefits and integrate perfectly with our financing.

Terms of Financing

Currently financing can be for periods of one to five years at a time. The intent is to finance all premiums, interest and any other cost associated with a transaction until death or an earlier designated time. Typically some collateral is required in addition to the policy cash value in the form of cash, cash equivalents. However, it is normally a small percentage of the borrowings. 

High Cash Value Life Insurance

Cool Springs Life partners with the most reputable and respected life insurance carriers to offer you access to products that can provide extraordinary cash value accumulation. These products have historically exceeded the projected borrowing costs for this product.

Interest Rates

The loan interest rates are usually tied to the London Interbank Offered Rate (LIBOR), plus a small spread. As the client, you have the option to fix the interest rate for multiple years or you may allow it to fluctuate as LIBOR changes.

Interest Rate Caps are also available. A personalized loan illustration will be provided to ensure that you, and your advisors, completely understand the terms of the financing as well as the projected benefits prior to any purchase or commitment. If you are currently paying a higher loan rate than LIBOR plus 150 Basis Points for insurance financing you can enjoy significant savings with Cool Springs Life Equity Strategy over the life of your policy.

Estate Tax and Legal Gift Issues 

Both the insured and borrower must be represented by appropriate legal and tax advisors, who will be required to independently evaluate the suitability of the transaction in relation to your specific needs. Cool Springs Life will assist in coordinating with these advisors.

Cool Springs Client Profile

The Cool Springs client for this product has a substantial net worth with a high level of liquidity and a significant and legitimate need for life insurance. The minimum policy face amount we consider appropriate for the Cool Springs Life Equity Strategy is $10 million

Once you become a client of Cool Springs Life, we will, at no cost to you:

  • Design a High Cash Value Accumulation Life Insurance Policy to be issued by a highly-rated carrier;
  • Submit your file to appropriate life insurance carrier;
  • Work with your counsel to provide a full understanding and documentation for the transaction;
  • Once approved at an acceptable rating, assist in arranging financing;
  • Coordinate with your advisors for the formation of an irrevocable life insurance trust or a limited liability company to own the policy.
Call us now at 877-605-7070