Pay off the insurance premium while maintaining your cash liquidity for daily and other investment needs.

The financing service is only applicable to universal life and single premium whole life insurance policy.

The insurance policyholder agrees to assign the policy to us as collateral in exchange for the financing services. In the event of death, surrender or maturity of the insurance policy, we will receive the payout from the insurance company. The payout will be used to settle the financed amount and the outstanding interest, if any, and return any remaining balance of the proceeds to the insurance policy owner or designated beneficiary.

The financing amount will be determined on the insurance policy latest guaranteed surrender value. The applicable loan to value (“LTV”) ratio will depend on the insurance policy type, policy Issuer Company and etc. The LTV ratio we offered is up to 90% of the latest guaranteed surrender value.

Able to accept a policy that is owned by an individual or company insuring a third party as collateral. Policies must have Guaranteed Surrender value. Loans will be disbursed to the policy owner.

E.g. the latest guarantee surrender value of policy A, issued by a reputable insurance company, is SGD1,000. Financing up to SGD900 will be offered.

Benefits of premium financing includes:

–    Insure with optimal coverage without having to liquidate your assets

–    Reduces the upfront cash payment to the insurance company.

–    Free up your cash and keep it for other purposes.