Premium financing method and product using life insurance policies and method for administering same

摘要

A premium financing method and a loan product using life insurance policy as all or a portion of the collateral for a loan or credit line. The proceeds of the loan or draws against the credit line are used to ensure payment of at least one scheduled premium of the life insurance policy. The loan product can use a new or an existing life insurance policy of the insured to provide reverse life settlement.