Finance For Life™

Premium Financing For Seniors

A qualifying client profile for senior premium financing includes:

• A client with a sound financial need for coverage.
• An understanding of the benefits of using OPM (other peoples money.)
• A large illiquid asset base.
• An understanding that interest out of pocket and/or collateral will be required.
• An understanding that such requirements will be kept to an absolute minimum, and be leveraged in such a way as to purchase the maximum amount of coverage, often more than could be obtained should the entire premium be paid out of pocket.

What Finance For Life Provides:

• Complete case flow management.
• Assistance in educating you and your clients.
• Ordering of all necessary secondary actuarial assessments.
• All complex illustration processing done in-house by our analysts.
• Access and case submission to the best and most creative lenders/structured financiers in the industry.
• Case tracking, assignment and analysis; a dedicated case manger is assigned to each agent.
• Weekly status reports and quick processing.

Typical Loan Characteristics:

• Initial Loan Term: between two and seven years, most plans are renewable.
• Interest Rate: Prime or LIBOR based (Yen financing available.) The interest rate will be determined by the credit risk underlying the loan.
• Integration with current estate planning, including the formation of custom ILIT’s and/or partnerships (legal and trust maintenance fees typically rolled into the initial loan.)
• Personal guarantees optional.
• Full policy control.

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