IFA lender frequently asked questions.
IFA lender frequently asked questions.
IFA lender frequently asked questions.
IFA allows a business to finance a life insurance premium on behalf of a shareholder, create tax deductions and ultimately transfer assets tax free from the business to the shareholder’s estate. It uses a life insurance policy with a cash accumulation component.
IFA allows a business to finance a life insurance premium on behalf of a shareholder, create tax deductions and ultimately transfer assets tax free from the business to the shareholder’s estate. It uses a life insurance policy with a cash accumulation component.
IFA allows a business to finance a life insurance premium on behalf of a shareholder, create tax deductions and ultimately transfer assets tax free from the business to the shareholder’s estate. It uses a life insurance policy with a cash accumulation component.
Does a client need to use a specialized insurance lender to implement the IFA strategy?
Which comes first, apply for the life insurance policy, or apply for the IFA lending?
How long does the loan application process usually take?
What’s the minimum case size that an insurance lender will accept?
What are the typical terms of an IFA loan from an insurance lender?
What information is typically required by an insurance lender for financial underwriting?
Do lenders charge set-up fees?
Once the IFA is implemented, do lenders charge ongoing fees and is further financial underwriting required?
What type of life insurance policy works well with the IFA strategy?
Is additional collateral required?
What is acceptable as additional collateral?
Does a client need to use a specialized insurance lender to implement the IFA strategy?
Which comes first, apply for the life insurance policy, or apply for the IFA lending?
How long does the loan application process usually take?
What’s the minimum case size that an insurance lender will accept?
What are the typical terms of an IFA loan from an insurance lender?
What information is typically required by an insurance lender for financial underwriting?
Do lenders charge set-up fees?
Once the IFA is implemented, do lenders charge ongoing fees and is further financial underwriting required?
What type of life insurance policy works well with the IFA strategy?
Is additional collateral required?
What is acceptable as additional collateral?
Does a client need to use a specialized insurance lender to implement the IFA strategy?
Which comes first, apply for the life insurance policy, or apply for the IFA lending?
How long does the loan application process usually take?
What’s the minimum case size that an insurance lender will accept?
What are the typical terms of an IFA loan from an insurance lender?
What information is typically required by an insurance lender for financial underwriting?
Do lenders charge set-up fees?
Once the IFA is implemented, do lenders charge ongoing fees and is further financial underwriting required?
What type of life insurance policy works well with the IFA strategy?
Is additional collateral required?
What is acceptable as additional collateral?
