Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Life Insurance

Investment Manager Offers To Lend Life Premiums

X
Your article was successfully shared with the contacts you provided.

Coventry Capital Inc. is offering to lend life insurance policy owners the money they need to keep their existing coverage.

Coventry, Fort Washington, Pa., would let policy owners finance their premiums using the market value of the policy itself as collateral. The plan would let policyholders keep coverage they could no longer afford or would have to cash in, the company says.

Typically, premium financing has been available only for purchasing new coverage, Coventry says. Its new approach, which it calls Premium Finance Plus, lets policy owners fund existing coverage without putting up other assets as collateral, the company notes.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.