About Premium Financing Program

• Allows high net worth seniors to obtain a significant amount of insurance with low out-of-pocket cost.

• Allows savvy policyholders to avoid liquidating high yielding investments to pay premiums.

• Allows individuals a potential method in resolving their estate tax problems while avoiding gift taxes.

• Our financing bank allows qualified insured's to attain insurance policies with less collateral than traditional premium financing which requires 100% collateral.

• The financing bank does not participate in any benefits from the policy beyond repayment of the total loan due.

Why we are better

• Often, people may be hesitant to utilize premium financing loans issued by unregulated private companies and hedge funds.

• They may have concerns about a private institution potentially owning a life insurance policy on their life.

• The bank financing our loans is a publicly traded, state chartered bank and a member of the FDIC.

• The bank is subject to FDIC oversight and are committed to protecting your privacy to the greatest extent possible.

About the Bank

•The Financing Bank is a publicly traded, state chartered bank and a member of the FDIC. The Financing Bank has developed a new premium financing program which has been approved by various insurance carriers. The financing program offers borrowers competitive loan terms with highly reduced collateral requirements.

How we compare with traditional companies

Traditional Premium Financing Loans

•Premium financing usually consists of an insured borrowing 100% of the
necessary to pay insurance premiums.

•Interest is charged on these loans at a rate of approximately LIBOR +2.

•Loan terms usually range from 5-10 years.

•The life insurance policy is usually included as collateral.

•Additional collateral in the form of cash or securities is also usually required
any collateral shortfall from the policy until 100%of the loan is secured.Our Premium Financing Loans

•Allows maximum collateral flexibility.

•Total collateral requirements may be as low as 25% (loan terms assessed case by case)

•Acceptable collateral includes cash, securities, real estate (commercial or residential), or a letter of credit.

•Issued with five year loan terms

•Interest rates of PRIME+1

How we deal with insurance carriers

•Each insurance carrier has its own unique position on premium financing but nearly all allow premium financing in some form.

•Each carrier has its own requirements on what constitutes “acceptable premium financing”

•We work with each carrier to create a unique set of loan terms which is both advantageous to the borrower and acceptable to the carrier.

•We do not issue any premium financing loans without full disclosure to the insurer.

•Please contact us for a full list of approved carriers and loan terms.