Line of Credit

The line of credit option is available to borrowers who wish to establish a traditional line of credit against existing life insurance (or annuity) cash values. Our line of credit option provides for a funds source that can be tapped at the request of the borrower. This option has the potential to be more economical than a policy loan from the issuing carrier.

Specifics

  • Borrower’s can readily draw down on the line at any time subject to provisions set forth in the credit agreement
  • Allows for interest to accrue on only the ‘used’ portion of funds as opposed to the total line amount
  • Line can be established as a fixed term revolver
  • Set up fee and slight unused line fees may apply

 

Close