Frequently Asked Questions

Here are some frequently asked questions...

	Am I a candidate for premium financing?
	What is the duration of the premium financing loan?
	What happens if I die during the loan period?
	What are my options at the end of the loan period?

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	Am I a candidate for premium financing?
	You are a candidate if you are over the age of 65, in reasonably good health and have a net worth in excess of $3,000,000 dollars.
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	What is the duration of the premium financing loan?
	The standard premium financing loan is for 24 to 36 months.  There are programs that offer loans for five years and others offer loans for life.
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	What happens if I die during the loan period?
	The policy beneficiaries receive the policy death benefit less the loan and accrued interest.
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	What are my options at the end of the loan period?
	At the end of the loan period the policy owner has several options.  The policy owner may repay the loan and retain ownership of the policy.  The policy owner may refinance the policy or the policy owner may explore a Life Settlement in the secondary market.
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