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5 STEPS

Client Process

STAGE 1:

Life Insurance Policy Approval... The client(s) and the agent submit a formal or informal application for the life insurance policy. The informal application process allows us to obtain multiple offers for the client without affecting the clients medical information reporting if rated or declined during this process. The life insurance company completes medical and financial underwriting to determine if the client qualifies for the policy. -NoteThat normal considerations regarding timeliness and complexity should be given to the processing of larger death benefit cases for this strategy.

01

INTRODUCTION: DISCOVERY

02

DESIGN STRATEGY SESSION

03

MEDICAL QUALIFICATION OFFER

04

DESIGN PLAN & FINANCIAL QUALIFICATION

05

REVIEW LOAN TERMS & CLOSING

Introduction to the Exclusice Leveraged Finance Concept

Design plan for qualified person based on personal and/or business applications.

Submit an application with insurance company and have physical to obtain an offer from the carrier.

Redesign plan with numbers based on actual offer from Insurance Carrier. Submit plan and financial info to Lender. Analyze PFS and determine source of collateral.

STAGE 2:

Loan Approval for Premiums... After the insurance carrier and policy are selected and we obtain a favorable offer and are approved by the carrier, then the financing stage will begin. Our team submits the case to the lenders who decide whether or not to lend the funds to pay the premiums. The lender analyzes the borrower's credit and financial status, the outside collateral amount will be determined at this point in the transaction and the client will provide the appropriate assets to satisfy this arrangement. The source of collateral can be substituted during the term of the note with written consent to the lender, once approved the change can be made in a short period of time. once the loan is approved the closing package is provided to the client to execute the loan package documents. The lender will receive the package back from the borrower and once deemed in good order the funds to pay the premium are wired directly to the insurance carrier. The policy is placed in force at this time.

Accept lender loan terms. Determine outside collateral and entity set up. Sign loan closing package and pay first interest payment.

Client process  
Client process