Advanced Benefit Policy Loans

While life insurance policies provide valuable security for your survivors by providing death benefits, they are also valuable personal assets that can provide additional security by serving as collateral or funding sources for loans that may be required to meet your immediate financial needs today.

Some life insurance policies offer Accelerated Death Benefit Riders that enable qualified insureds to borrow limited amounts directly from the insurance company. Upon the insured’s passing, the loan is then repaid using the death benefit proceeds with any remainder going directly to the policy beneficiaries.

For policy owners who do not qualify for any Accelerated Death Benefit per the terms of their individual policy, we offer Advanced Benefit Loans through secondary market lenders provide another option to secure cash. These loans provide policy owners living in Seattle, Bellevue, Tacoma, and other areas of the northwest immediate access to substantial amounts of cash (up to a maximum of either 50% of the total death benefit, or $500,000, whichever is less) with no upfront expenses or repayment obligations. These unrestricted funds are then immediately available to ease financial hardships or fund life enrichment for themselves or family members. And you don’t have to give up ownership of your policy or pledge additional collateral to qualify.

While there are costs associated with these loans including origination and brokerage fees, and accrued interest, all costs are repaid using the life insurance death benefit proceeds upon passing of the insured, with any remainder again going directly to the policy beneficiaries.

Advanced benefit loans provide another great option for those late in life to secure the financial freedom they desire today, while at the same time retaining a portion of the death benefit for their beneficiaries for tomorrow.