Premium Financing For Seniors

A qualifying client profile for senior premium financing includes:
  • A client with a sound financial need for coverage.
  • An understanding of the benefits of using OPM (other peoples money.)
  • A large illiquid asset base.
  • An understanding that interest out of pocket and/or collateral will be required.
  • An understanding that such requirements will be kept to an absolute minimum, and be leveraged in such a way as to purchase the maximum amount of coverage, often more than could be obtained should the entire premium be paid out of pocket.
What Finance For Life Provides:
  • Complete case flow management.
  • Assistance in educating you and your clients.
  • Ordering of all necessary secondary actuarial assessments.
  • All complex illustration processing done in-house by our analysts.
  • Access and case submission to the best and most creative lenders/structured financiers in the industry.
  • Case tracking, assignment and analysis; a dedicated case manger is assigned to each agent.
  • Weekly status reports and quick processing.
Typical Loan Characteristics:
  • Initial Loan Term: between two and seven years, most plans are renewable.
  • Interest Rate: Prime or LIBOR based (Yen financing available.) The interest rate will be determined by the credit risk underlying the loan.
  • Integration with current estate planning, including the formation of custom ILIT’s and/or partnerships (legal and trust maintenance fees typically rolled into the initial loan.)
  • Personal guarantees optional.
  • Full policy control.

How to Submit a Case

Download and fill out our simple application.

Email it to or fax to 901.763.0058