Member Benefits: Access Strategic Partners

Lending for Universal Life

With the premium financing contract through The Elite Producer Program, you will gain the ability to minimize the impact on financial liquidity, maximize the ability to purchase the life insurance available, and manage the risks and costs associated with owning life insurance.

The out-of-pocket costs associated with life insurance premiums may be prohibitive. A potential insured must consider whether or not self-funding of premiums is the most efficient way to purchase and maintain a life insurance policy. Our premium financing products allow your clients to:

• Minimize the impact on financial liquidly by reducing the need to use cash reserves or to liquidate assets to cover the cost of life insurance premiums;
• Maximize your ability to purchase the life insurance valuable to you; and
• Manage the risks and costs associated with owning life insurance.

Guiding Principles

• No Contemplated Settlements: No product offered contemplates the sale of the financed life policy in the secondary market.
• Insurable Interest: Certain structural requirements are in place in order to comply with insurable interest laws and regulations.
• Transparency: Prior to funding a life insurance premium financing transaction, our premium financing company fully discloses financing arrangement terms to all parties involved. Each insured is required to obtain legal advice prior to entering into any transaction. All issuing insurance carriers must acknowledge in writing that they are fully aware that the policy is being used as collateral for a loan.