INNOVATIVE, FLEXIBLE & AFFORDABLE PREMIUM LOANS

 

Life Premium Solutions, LLC (“LPS”) is an insurance advisory firm specialized in customized and innovative premium finance solutions for the life market.  We put the client’s needs first and endeavor to provide agents and their clients with the highest standard of service.  LPS is pleased to offer the advanced life market with leading-edge loan products that are affordable, convenient and flexible. The superior terms of our carrier approved loan programs include 20-year, 10-year, and 5-year loan options with no annual re-qualification. Our loan commitments are perfectly matched with the long-term duration of permanent life insurance. Another key benefit of the LPS loan solutions, no personal or corporate guarantee is required from the borrower.  The features of long term loan commitments and no personal guarantee combine to provide peace of mind for both agent, advisor and client. The LPS management team members have more than two decades of experience, working together to provide clients with the highest standard of service.  LPS and our lending partners have the expertise and capacity to effectively design, underwrite and originate customized insurance policy and loan funding solutions for all advanced life insurance cases.

 

• Refinance for Existing Premium Finance Loans

• Single-Life & Multi-Life Cases

• New Life Policies & In-force Life Policies

 

LOAN TERMS & BENEFITS

 

Long Term Loan Commitments: 20, 10, & 5 Year Options

Flexibility to align long-term, permanent need for life insurance with a sustainable, long-term financing strategy

 

Affordable Loan Rates from 1.45% above 90-day LIBOR

Optimizes financial solution by maximizing the death benefit and minimizing out of pocket costs and collateral requirements

 

Fixed Interest Rate Option

Fixed Interest is available to reduce interest rate risk-- 3-year, 7-year & 10-year options available for qualifying loans

 

No Personal or Corporate Guaranty

Reduces risk to borrower and no impact on their borrowing capacity

 

No Discounting of Policy Cash Value

100% of policy cash value is counted toward collateral requirement minimizing need for additional collateral

 

Easy One-Time Financial Qualification

Financial qualification only once at inception / no annual re-qualification

 

No Requirement to Move Assets/Collateral

Enables client to maintain current banking & wealth management relationships 

 

Minimum Annual Loan Funding Amount: $100,000

Funding solutions for smaller policies, serves larger client population

 

Unlimited Maximum Loan Amount

Flexibility to design a funding strategy suitable for a large range of face amounts as well as multi-life and refinancing cases

 

No Age Restrictions

Loan based on cash collateral, not life expectancy

Minimum Client Net Worth of $2 Million

• Lower than most facilities. 

       If carrier has higher minimum net worth requirements, then that applies

 

Minimum Client Net Worth of $2 Million

Lower than most facilities