Calling all policy holders, trustees, financial, legal and other estate planning advisors...
Best Ideas Group, Inc. (BIG) can now refer to a lender which will provide a non-traditional line of credit secured only by life insurance policies.
The ideal candidate fits these basic parameters:
How is the BIG arranged line of credit so different from traditional premium financing?
Life insurance policy owners who seek additional liquidity and wish to keep their policies now have a third option with BIG.
Option 1 – Surrender
Surrender the policy to the life insurance company for its CSV.
Option 2 - Sell
Sell the policy on the life settlement market and receive a higher price than its CSV, but multiple intermediaries’ fees reduce payment to the policy owner.
Option 3 – BIG Arranged Transaction
Without selling or surrendering your policy, you can receive credit that provides cash advances, finances premiums, and pays relevant legal and accounting fees – all without any collateral except the policy itself.
What other services can BIG arrange on behalf of trustees and individuals to optimize their policies as investments and estate planning tools?
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