| Annual Capacity: |
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$100,000 minimum loan, no maximum |
| Terms: |
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Range from 3 to 10 year renewable term notes |
| Rates: |
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LIBOR and Prime-based loans plus competitive spread |
| Interest Payment Options: |
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Advanced, Arrears, Deferred |
| Loan Origination Fee: |
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0%-0.5% |
| Collateral: |
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Life Insurance Policy Cash Surrender Value |
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Cash or cash equivalents (CD, Money Market) |
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Marketable securities, stocks, bonds |
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Letter of Credit, or Real Estate
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| Customized Notes: |
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Loan terms customized to satisfy clients' needs |
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Exclusive program for clients with net worth in excess of $25 million
LENDING PROCESS
- 1) The insured must be underwritten for a new life insurance policy and qualify financially for premium financing.
- 2) The borrower will pay interest annually, or qualified borrowers may defer interest payments.
- 3) The loan is collateralized by the insurance policy and will also require a secondary form of collateral, if needed.
- 4) The lender takes a collateral assignment in the policy's potential cash surrender value and death benefit of the financed policy.
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