You borrow money from a third-party lender to fund your life insurance premiums.
The lender makes premium payments to an insurance company.
You make payments to the lender for interest and/or a portion of the principal.
The addition of a rider may provide high early cash value from the policy that can be used as collateral to secure a portion of the loan.
The lender is repaid with a policy distribution, other assets or both.*
Upon the insured’s death, the death benefit is paid to the beneficiary or to the lender if the loan has not been repaid.
• You can have more life insurance benefits at a lower out-of-pocket cost.