Premium Funding Group L.L.C. has developed a financing product aimed at affluent life insurance buyers who need extra help getting credit.

PFG, New York, says its new Affluent Structured Product offers non-amortizing secured loans for clients with large estates.

The client must sign a personal guaranty, PFG says.

The debt service can be paid or accrued, and the loan can be supported through a combination of the client’s balance sheet and the underlying insurance, PFG says.