Life Insurance Products   

Our Life Insurance Products and Services

Life Insurance Premium Financing

Many well to do individuals find the need to purchase a high face value life insurance policy to protect their family or for the purpose of estate planning. Individuals owning significant assets who do not wish to liquidate their properties and investments to pay costly life insurance premiums now have the option of having their premiums financed through our program. By having our bank pay the life insurance premiums, the insured frees up his capital to be used more efficiently in other places. With no out of pocket expenses, personal guarantees and very minimal financial risk a qualifying individual can provide millions to his family in the form of a death benefit. Using our Life Insurance Premium Finance Program also lowers out of pocket expenses and potential gift taxes.

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Life Settlements

Often an individual will purchase a life insurance policy based on his current needs or financial situation. With life being unpredictable, many times this individual will find himself no longer in need of the policy or unable to pay the ever rising premiums. To drop the policy or to receive the low cash surrender value from the insurance company does not seem like a wise option. The recent growth of the Secondary Life Insurance Market gives the insured, for the first time, an opportunity to walk away with a decent amount of money.

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Viatical Settlements

Terminally ill individuals often overburdened by medical expenses find it impossible to continue paying the costly life insurance premiums. Just a footstep away from the maturity of the death benefit, they are forced to surrender the policy at a complete loss or for its low cash surrender value. The emergence of the secondary life insurance market has given terminally ill individuals an opportunity to cash in on the value of their life insurance policies. Using viatical settlements, such individuals can receive a payout many times larger then the cash surrender given to them by their insurance company.

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If you have any questions about the program please feel free to email us.