Premium Funding Group L.L.C. has come up with a new approach to helping older, affluent customers finance life insurance arrangements.
PFG, New York, says the new Stimulus Bridge program can mitigate interest rate and collateral volatility while a client’s devalued assets are given time to recover.
When the assets recover, the Stimulus Bridge program gives clients a chance to choose from a menu of long-term financing or payment options, PFG says.
Candidates for the program should have a verified and established need for life insurance to solve estate planning, wealth transference, wealth replacement or financial planning objectives
The program can provide a fully committed, fixed-rate, 36-month loan term with multiple loan extension options, PFG says.