TYPES OF PREMIUM FINANCE PROGRAMS
Each premium finance company has its own unique program design. There may be different lengths of the loan, rates, fees and collateral requirements. Each premium financing program available in the marketplace can generally be place into one of the below categories. ...
PREMIUM FINANCING FOR CHARITABLE GIVING AND PROVIDING A LEGACY BENEFIT.
You may be able to provide a legacy benefit to the organization of your choice above and beyond your normal charitable giving. Life insurance premium financing may give you the ability to access your excess life insurance capacity to provide a new life insurance policy with the charitable organization of your choice named as the beneficiary which will receive the death benefit proceeds. ...
STOLI, IOLI, BENEFICIAL INTEREST SALE, 3% DEAL, WHAT IS IT?
One of the most talked about aspects of the secondary insurance market is the sale of the beneficial interest in a newly originated insurance policy for 2-5% of the face amount. Also know as STOLI (stranger owned life insurance) or IOLO (investor owned life insurance) it is one of the best kept secrets in the world of insurance. A beneficial interest sale involves wealthy seniors, above the age of 70, who have excess insurance capacity. Insurance capacity is the amount of insurance a person can purchase on their life based on their net worth and annual income. These high net worth seniors have no interest or need in purchasing any additional life insurance on their lives but would like to benefit from their ability to qualify for the coverage. ...