Pinnacle Life Finance provides life insurance premium financing loans to businesses and trust entities. Pinnacle Life Finance accepts insurance and annuity collateral issued by most highly-rated Life Insurance Carriers in the United States. We have been in the life insurance premium financing sector for over 25 years and have built a reputation for offering highly competitive rates and terms – along with industry-leading customer service.
Typical Borrower Profile
- Insurance for estate planning, retirement income, wealth transfer, or business needs (e.g. key-man, Buy/Sell, etc.).
- Consideration begins with a minimum net worth of $5,000,000.
- Good cash flows and debt/income ratios, liquidity, etc.
- Acceptable Credit History.
Term/Loan Size
- 10-year loan maturity (with streamlined 10-year renewal option).
- Minimum initial premium: $300,000.
Collateral
- Generally, no personal guarantee is required.*
- Cash, Letter of Credit, Cash Surrender Value of the Policy, Listed Securities.
- 100% of policy CSV is credited.
Ownership Structure
- Borrower is an entity such as a corporation or a trust.
- When applicable, the Trustee is a U.S. national bank.
Interest Rate and Payment Options
Variable
- CMT + Spread.**
Fixed
- Adjustment options are customizable.**
Current Pay
- Interest (only) is paid on a current basis.
Custom Rate Options
- Rate structures are customizable based on loan size (caps, buydowns, and other structure modifications available).**
Custom Payment Options
- Payment options are customizable based on loan size.**