A.I. Credit Corp. says it will be coming to the rescue of life insurance policyholders who are having to choose between letting policies lapse and selling the policies to investors.
A.I. Credit, a unit of American International Group Inc., New York, says it will be offering new loans for customers who have used short-term loans to finance the purchase of new life insurance policies.
A.I. Credit will be marketing the new follow-on lending program, the Term Loan Rescue, through life insurance producers, the company says.