As an advisor, your estate planning work may include the need for life insurance for high net worth individuals. If you’re advising your client to finance their insurance premiums, Enterprise can help through our Life Insurance Premium Finance option.
This customized lending solution has many benefits, including:
- No personal guarantees
- A direct lender with transactional offerings
- Does not require trust assets or other banking products
- A multi-year loan commitment
- No pre-payment penalties
Enterprise has experience with a variety of client types, including multi-generational structures, foreign national clients and group cases affiliated through an organization or employer. Minimum criteria to qualify is a net worth of $10 million and a $500,000 annual premium.
Your clients have additional collateral options, including third-party brokerage accounts, Enterprise brokerage accounts, letters of credit, additional life policies/annuities and Enterprise Bank & Trust certificates of deposit (CDs).