Premium Funding Group recently launched a carrier-approved financing platform, designed to provide a “risk defined insurance solution” for affluent seniors, the company said in a press release. The Stimulus Bridge mitigates interest rate and collateral volatility in order to allow devalued assets time to recover.
“We have created this design through an iterative collaborative process with the consumer and their advisors, the insurance carriers and the capital markets,” says Dean De Marco, co-founder of PFG. “Our goal is to provide an immediate conservative solution to assist the customer in coping with unprecedented economic volatility and uncertainties that they confront during the estate and business planning processes.”
Salient program parameters are as follows:
- Verified and established need for life insurance to solve estate planning, wealth transference, wealth replacement and financial planning objectives
- Fully committed 36-month loan term with multiple loan extension options
- Fixed interest rate
- Limited and fixed policy collateral
- Lender is a national bank
For more information, visit www.pfgllc.com.