Which lenders offer collateral assignment loans?

Posted: Mon Nov 29, 2010 04:22 pm Post Subject: Insurance Ploicy Need loan

Have clients with over 100 Million of Life insurance policy and would like to obtain financing to finish his development. What and were can w go. Bank, Hedge Fund, etc
Please call me 800-504-1703

Posted: Tue Nov 30, 2010 02:28 am Post Subject:

Need to know what state the insured resides in.

Posted: Sat Jul 30, 2011 12:13 am Post Subject: Term Life Insurance

Can I use my $100.000 term life insurance policy as collacteral to buy a $100.000 as is house, and where can I go to do this? The seller wants all cash!

Posted: Sat Jul 30, 2011 03:10 am Post Subject:

Because of the limited duration of a term life policy and the absence of cash value, many lenders will not accept a collateral assignment of a term policy. That doesn't mean there is not at least one out there who will.

Posted: Mon Aug 08, 2011 03:34 pm Post Subject: term policies lenders

Could you tell me who is lender on term callateral loan.

Posted: Mon Aug 08, 2011 07:22 pm Post Subject:

Whoever has the money to offer in exchange for some or all of the insurance proceeds, and is willing to wait until the insured dies to collect it, is the lender.

Next question?

Posted: Sat Sep 08, 2012 12:26 pm Post Subject: TERM LIFE AS COLLATERAL FOR LOAN

PLEASE- SEND ME INFORMATION ON NAMES OF LENDERS ETC. HOW WILL EXCEPT TERM LIFE INSURANCE AS COLLATERAL FOR A LOAN.

Posted: Mon Sep 10, 2012 12:50 am Post Subject:

Please don't SCREAM at us. We don't have the information you are seeking. Whatever sources of loaned money you can think of on your own are the ones that might consider taking a collateral assignment of your life insurance.

Often times, collateral assignments are negotiated at or before the time a policy is taken, as assurance of some other performance -- such as a split dollar plan of insurance between an executive and their employing corporation. They are rarely used with term life insurance.

Posted: Fri Jan 04, 2013 08:06 am Post Subject: Collateral whole life loan

I have a 1,000,000 dollar face value new whole life policy with 9k cash value, lisr ect.... Structured very nice. I also have a 1,000,000 face value 10 year term too. I need 250k to expand my business and want to collateralise the policies and I'll pay continue to pay all premiums. Looking for 6% or less interest.

Please call me if you can help 702-686-7109

Posted: Fri Jan 04, 2013 03:51 pm Post Subject:

You should not post your phone number here. An email address would be a bit safer. Regardless, you have no idea who it is who is calling you, and should avoid this kind of solicitation.

Talk to a commercial bank or credit union in your town about a collateral assignment of the whole life policy. The term policy is probably unacceptable unless the remaining term is longer than the repayment period of the loan.

The interest rate you get has nothing to do with the collateralization of the policy, but everything to do with your personal creditworthiness. You might be able to get a business start-up loan for 6% to 8% in today's environment.

You could also apply for an SBA loan, which would not necessarily require collateralization of your life insurance, but if it did, the SBA lender would most likely agree to it, since the government is guaranteeing the loan interest.