Premium Financed Life Insurance

For the first time, a program has been designed to provide permanent, premium financed life insurance for $10 million plus net worth individuals and trusts which includes an effective loan exit strategy as part of the plan. The model has been structured so that the insurance product and the loan facility are synchronized to make the program more effective. Perhaps the best feature is that every client's plan is customized and evaluated annually to assure that it remains on track. We offer a differentiated strategy for estate enrichment with distinct differences from other premium finance programs.

Overview
Life Strategies™ is unique in that it is designed to provide large amounts of permanent, premium financed life insurance for high net worth individuals and their trusts with a high probability there will be no out-of-pocket cost to the policy owner. Financing is provided by four of the world's largest international banks who have synchronized their loans to work with specially designed insurance policies from top rated insurance carriers. The life insurance policy is aggressively funded to build immediate and rapid-growth cash value which is used in part to satisfy the collateral requirements for the loan. Although some independent collateral is required to initiate the loan process for the early policy years, eventually the cash value becomes the sole source of collateral for the loan and then assigned collateral is released.

Cash value growth is enhanced by a special indexing component in the policy and is calculated to do three things:
1) ultimately provide all of the collateral needed for the loan,
2) increase the death benefit by at least the accrued loan balance each year, and
3) provide a value large enough to retire the loan balance in full. All plans have a loan exit strategy, taking place either during the insured's lifetime or automatically at the insured's death. The loan repayment is not dependent on cash value performance. Unlike most other competitor programs, the policy only has to be in force for the loan to be paid off. Life Strategies™ is designed for use with estate, charitable, business planning (buy-sell, key man, incentive packages) and trust revitalization.

Client profile
Ages 20-70
Minimum net worth of $10 million
Minimum loan amount of $5 million (includes accrued interest)
Medical underwriting works best at Standard or Preferred
Maximum death benefit limited only by industry tolerances – currently about $125 million

This program is creative, cutting-edge advanced life insurance design with risk reducing techniques embedded in its structure.