CMS

LENDING PROGRAMS

Annual Capacity:   $100,000 minimum loan, no maximum
Terms:   Range from 3 to 10 year renewable term notes
Rates:   LIBOR and Prime-based loans plus competitive spread
Interest Payment Options:   Advanced, Arrears, Deferred
Loan Origination Fee:   0%-0.5%
Collateral:   Life Insurance Policy Cash Surrender Value
    Cash or cash equivalents (CD, Money Market)
    Marketable securities, stocks, bonds
   

Letter of Credit, or Real Estate

Customized Notes:   Loan terms customized to satisfy clients' needs
     

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.